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Ebong, Ibru and others mark register at EFCC HQ

By Emman Ovuakporie, Abuja
Former Chief Executive Officers [CEOs] of the five troubled banks yesterday appeared before the Economic and Financial Crimes Commission [EFCC] as instructed by the Court that they must visit the anti-graft agency every first Friday of the month.

It was reliably gathered that Mrs Cecilia Ibru, Dr Barthlomew Ebong,Mr Sebastian Adigwe,Oke Nwosu and other board directors showed up at the EFCC headquarters to fulfil one of the bail conditions given by the court last month.

An impeccable source confirmed to the Vanguard that they came at different times and were orderly through out their stay at the commission’s headquarters.

The five banks namely Oceanic Bank PLc, Afribank PLc, Intercontinental Bank PLc, FinBank PLc and Union Bank PLc had their boards  sacked by the Central Bank of Nigeria [CBN] over alleged insider trading, capital market manipulation and money laundering, non performing loans and fraudulent abuse of credit process running into about N747billion.

As at last week Friday the anti-graft agency had manageably recovered the total sum of N108billiion from the 205 debtors said to be owing the five banks.

It could be recalled that the apex bank had on August 14 slammed the five banks and declared them sick and so far the audit reports conducted had not proven otherwise.

To this end the anti_graft had swooped on the bank CEOs and their boards subsequently sent packing.

When contacted, Head, Media and Publicity, Femi Babafemi of the commission confirmed that the former CEOs were at the headquarters ‘’to fulfil one of the bail conditions which says they must come once in a month.”


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