chloride6:
Shut up...

Did he also make you destroy your bank?

The truth is that before Sanusi, banks did as they liked.

Now they are stricter laws with better enforcement.

The only person he didint get was Elumelu. Chai God save Tony sha.

9jaRealist:


You think the CBN just took the banks and sold them?! SMH

These banks were so indebted that their shareholder funds had effectively been ENTIRELY WIPED OUT! The banks had to be re-capitalized by (1) the CBN injecting billions into them (and effectively becoming their shareholders), (2) the NDIC paying billions to their depositors, and (3) AMCON buying trillions of their bad loans. The banks were NOT sold for a "pittance" but selling them enabled CBN to recoup some public funds.

Wallade:


Mr John Aboh did not make a public statement inferring or expressly stating his position that I indicated earlier; you don't expect him to say that in public, do you, but it is a reliable insider information that I divulged to you, take or leave it.

I emphasized Oceanic Bank's case based on experience and access to information peculiar to Oceanic Bank. I can not speak for other defunct banks because I don't have adequate information.

Let me give you another privileged information - you can not verify this information based on data available in public domain. There is a commercial bank that narrowly missed the list of banks that failed stress test. The MD was unofficially made to retire from the position and board and another condition was for the majority shareholder, in proxy or person, to reduce his/her shareholdings in the bank by selling via private offer to preferred (Apex Bank preferred) investors.

The MD reluctantly and abruptly complied and the bank was cleared as unstressed bank. The bank in question was more into corporate banking unlike Oceanic Bank that was more into retail banking so you can imagine the devastating effect if it was listed as stressed; would not have survived as long as Oceanic did. An MD from that bank eventually became a CBN governor. Note that corporate bank account holders are more sensitive and delicate than retail bank account holders.

Bottom line is that there is more to the information you see on public domain. There is often some undertones and purposes for churning out the information we come across on public domain.

Every action that Cecelia and the management of the defunct Oceanic Bank engaged and were convicted for was practiced by all the banks at that time. Though it is arguable that Oceanic Bank was most guilty but the fate of Oceanic Bank was sealed by the clandestine, political and vindictive plans of some powerful people in Nigeria with Sanusi as the arrow head.

Chukazu:

Oga there is no bank whose shareholders can not rescue

yjgm:
What kind of society do we live in?. This woman still got the effrontery to talk. She's the worst of kind in the banks along with that man from is it intercity or what. Can't remember his name. If the law doesn't catch up with them, the curse of the lives they ruined will visit them. What a world we live in

chinambusay:
Cecilia Ibru, the former Managing Director of the defunct Oceanic Bank has for the first opened up on her ordeal in court and she disclosed that the Emir of Kano and former Central Bank Governor, Sanusi Lamido Sanusi persecuted her badly because he thought she wanted his job at the CBN.

The economic guru who disclosed that she got married before 20 and also had her son in January before her 20th birthday, revealed that her travails in court got her really depressed. Recounting her ordeal, Cecilia Ibru who stated that Sanusi persecuted her because he thought she wanted his job at the CBN said; 

I won’t say betrayal, including (Lamido) Sanusi (the then Governor of the Central Bank) himself, but people that I thought would come and help me did not do so. However, God raised other people to help me. Back then when I was in office, if I was at home, you wouldn’t find a parking space in my compound; it was always filled with cars and people who wanted one favour or the other from the bank. But after that episode, everywhere became empty.


One day, a man came to visit me at home and when he was going, there were no security personnel or driver. So, he asked what happened to them and I said the bank had withdrawn all of them on the order of Sanusi. They withdrew everything. He said that wasn’t good. The man asked me what it would cost me to put in place some security measures and I said about N1m. He said I was a popular personality and I couldn’t go around without some form of protection. He paid that N1m every month until I went to London. And when I got there, I informed him I had travelled. I can’t forget that kind of a person, and guess what, he is a Muslim.


https://unclesuru.com/2019/05/11/sanusi-persecuted-me-as-he-thought-i-wanted-his-job-at-cbn-cecilia-ibru/

Thunder � you there where were you since.
Barao, ole, thief ibru

midolian:
I hope Cecilia ibru is Yoruba or Hausa oo.. cos I fear if she's Igbo, my Igbo brothers will soon begin to hate sanusi and start supporting Ganduje

chinambusay:
Cecilia Ibru, the former Managing Director of the defunct Oceanic Bank has for the first opened up on her ordeal in court and she disclosed that the Emir of Kano and former Central Bank Governor, Sanusi Lamido Sanusi persecuted her badly because he thought she wanted his job at the CBN.

The economic guru who disclosed that she got married before 20 and also had her son in January before her 20th birthday, revealed that her travails in court got her really depressed. Recounting her ordeal, Cecilia Ibru who stated that Sanusi persecuted her because he thought she wanted his job at the CBN said; 

I won’t say betrayal, including (Lamido) Sanusi (the then Governor of the Central Bank) himself, but people that I thought would come and help me did not do so. However, God raised other people to help me. Back then when I was in office, if I was at home, you wouldn’t find a parking space in my compound; it was always filled with cars and people who wanted one favour or the other from the bank. But after that episode, everywhere became empty.


One day, a man came to visit me at home and when he was going, there were no security personnel or driver. So, he asked what happened to them and I said the bank had withdrawn all of them on the order of Sanusi. They withdrew everything. He said that wasn’t good. The man asked me what it would cost me to put in place some security measures and I said about N1m. He said I was a popular personality and I couldn’t go around without some form of protection. He paid that N1m every month until I went to London. And when I got there, I informed him I had travelled. I can’t forget that kind of a person, and guess what, he is a Muslim.


https://unclesuru.com/2019/05/11/sanusi-persecuted-me-as-he-thought-i-wanted-his-job-at-cbn-cecilia-ibru/

adeboladudu:

No she is iyawo baba eleja

airsaylongcon:


Ìyàwó bàbà eleja lẹ́yìn pé Ọmọ bàbá eleja

HomeOfMe:
She's iyawo baba eleja..

iammo:



Sanusi was just too ambitious then, he was similar to el rufai, however this woman was a corrupt spoilt brat turned CEO.. strangely when Mr saint sanusi got sacked a strange fire burnt CBN records room afterwards.

And kano emirate Treasury had been taking a nose dive under his watch...

.

maasoap:


Was that why Cecelia voluntarily pleaded guilty and entered into a plea bargain and returned billions of naira and forfeited properties? Don't forget that she also served two years in prison. Why do you guys loved looters so much like this?

9jaRealist:


So why do you think some banks go under?
What happened to Lehman Bros? Barings? ACB? Etc.?!

Chukazu:

I was referring to those banks in particular, I didn't indicate that.
Lehman brothers had nothing to do with shareholders fund , but accounting fraud... if that is your reference there's not a single Nigerian Bank involved in accounting fraud, that includes First Bank where Sanusi was CEO.
HOW in the world can you convince one that banks with Northern interest like Bank of the North and Unity bank had better balance sheet than likes of Oceanic, Intercontinental and Afribank?

Most of those bank were in a worse state when Soludo came on board as CBN governor but he chose a different approach unlike Sanusi who just created unnecessary panic in the whole system

maasoap:


Was that why Cecelia voluntarily pleaded guilty and entered into a plea bargain and returned billions of naira and forfeited properties? Don't forget that she also served two years in prison. Why do you guys loved looters so much like this?

chloride6:
Shut up...

Did he also make you destroy your bank?

The truth is that before Sanusi, banks did as they liked.

Now they are stricter laws with better enforcement.

The only person he didint get was Elumelu. Chai God save Tony sha.

ideylaff:


Erastus Akingbola

moshoodn:


Erastus Akingbola, Intercontinental Bank.

MiddleSpot:




My brother leave tori abeg. I'm from her clsm. The charges against her were undefensive and was much abeg. Let's leave ethnicity alone for once abeg. She no try atall