Senate committee summons CBN, AMCON over Cecilia Ibru's N150bn assets

The Senate Committee on Drugs, Narcotics, Financial Crimes and Anti-corruption have summoned the Central Bank of Nigeria (CBN), Asset Management Corporation of Nigeria (AMCON) and other relevant stakeholders to appear before it to explain what happened to the N150 billion Mrs Cecilia Ibru reportedly forfeited in assets and cash after she was convicted of fraud by a court in 2010.

The summons comes after a petition was sent to the committee alleging that the funds and properties recovered by the EFCC from Mrs Ibru were not remitted to the banks.

The committee say they plan to throw its searchlight on the recovery of assets from other convicted Managing Directors of Intercontinental Bank Plc, Union Bank Plc, AfriBank Plc and Bank PHB.