Business Ibru moves against sale of Oceanic Bank, takeover of Aero - PM News

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Justice Ahmed Ramat Mohammed of a Federal High Court sitting in Abuja on Monday adjourned till 10 July to hear the suit instituted by former managing director of defunct Oceanic Bank International Plc. Mrs Cecilia Ibru, asking the court to compel the Federal Government to implement her plea bargain as specified in the agreement she signed with the government

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 of Nigeria, AMCON, over an alleged breach by the Federal Government in the implementation of the terms of agreement she entered as part of her plea bargain in 2010.

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Source: #PMNews
 
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