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Monday, 12 March 2012

Convicted Banker, Cecilia Ibru Resumes Work At Aero Contractors Airline.


It is no longer news that the convicted former Chief Executive Officer of Oceanic Bank PLC, Mrs Cecilia Ibru has completed her six months prison term. What is however exclusive is that the former banker is now starting a new life at Aero Contractors, an airline wholly owned by the Ibru family. It would be recalled that Mrs. Ibru was convicted of bank and securities fraud on October 8, 2010 by a former chief judge of the federal high court, Justice Dan Abutu in Lagos after she was arrested, detained and arraigned in court on a 25 count charge by the Farida Waziri-led EFCC. Beside her plea bargain induced conviction, Cecilia forfeited over N190 billion assets to the government. The forfeited assets are now being managed by the Assets Management Corporation of Nigeria, AMCON. It would also be remembered that while her bank, Oceanic Bank PLC where the Ibrus have the controlling shares has been sold to Ecobank PLC, the Chartered Institute of Bankers of Nigeria (CIBN) last December 2011banned her from the banking profession by striking out her name. Still trying to come to terms with her new lifestyle, we reliably scooped that she has no option but to step into the family airline business where she presently controls the affairs of the 51 years old Aero Contractors airline. A competent source in the airline who confirmed the development said “madam has since last year 2011 resumed here in our local airport office after a major restructuring that saw Captain Akinlawon George emerged as the MD late last year. Though Captain George is the MD but madam (Cecilia) is the ultimate or final approving authority as we speak.” Responding to another question, the top Aero official added that “madam does not really come everyday because of health issues and to avoid being seen frequently by passengers, but more often than not she spends quality time in the office two or three times a week.”.

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