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Oceanic bank shares: Ibori condemns attack

By Emma Ujah, Abuja Bureau Chief

ABUJA—Former Delta State Governor, Chief James Ibori, has condemned attacks on his person over the investigation of the Economic Financial Crimes Commission, EFCC, into the Oceanic Bank shares purchased by Delta State in 2005.

He said in a statement by his Media Assistant, Mr. Tony Eluemunor, in Abuja, weekend, that several media reports on the issue were “mischievous and an attempt to manipulate an investigation by EFCC because of politics.”

“It is the duty of EFCC to investigate petitions against anybody, thus this investigation should not call for undue sensationalism as EFCC carries out investigations every day.

Therefore, the spin being put on this particular investigation by politicians and their news agents is a devilish ploy to deter EFCC leadership from performing a thorough and professional job according to the rule of law”, Ibori added.

According to the former governor, the EFCC has not declared him wanted and that there was no basis for it to do so.
He said even the EFCC had clarified that he was not declared wanted but that people have continued to publish stories to the effect that he had been declared wanted.

Chief Ibori explained that contrary to some media reports, there was no fresh petition by Ijaw leader, Chief Edwin Clark against him before the EFCC on the bank shares but that “he simply reminded the EFCC of the petition that had been before it months earlier.

“So it is dubious of anyone to claim that the petition was a fresh one or that EFCC had never taken action on it. The focus of the said petition is a claim that Delta State’s shares in Oceanic Bank were sold – and the proceeds were unaccounted for”, he added.

Debunking that claim, Ibori said last Sunday, 4 April 2010, a newspaper published details of the bank shares transaction involving Oceanic Bank and Delta State Government and even as it affects Ascot Oil, as the EFCC had indeed investigated the same matter last year when the issue came up.”


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