Ibru Wants Court To Foil Oceanic Bank Sale, Aero Takeover
Justice Ahmed Ramat Mohammed of a federal high court siting in Abuja on Monday adjourned to July 10th to hear the suit instituted by former managing director of defunct Oceanic Bank International Plc. Mrs Cicilia Ibru, where she's asking the court to compel the federal government to implement her plea bargain as specified in the agreement she signed with the government. Mrs. Ibru instituted the suit through her lawyer, Dr. Ted Iseghohi - Edwards, on behalf of herself and the Ibru group against the Attorney General and Minister of Justice and the Asset Management Corporation, Amcon, over an alleged breach by federal government in the implementation of the terms of agreement she entered as part of her plea bargain in 2010. Mrs. Ibru is asking the court to make a declaration that the plea bargain and settlement agreement that she entered with the federal government in 2010 is a valid and enforceable agreement between the parties and more particularly valid against the federal gove...