Ibru’s family invokes spirits against Sanusi

.....lol, I cannot stop laughing. The banks were given enough time to collect the debt. That was why Soludo created the expanded discount window (EDW) in October to give them time to collect the debt. But instead it only got worse, the rate at which they borrowed money from the EDW increased and they kept lying to shareholders that everything was fine and kept cooking their book. So to those saying Sanusi should have given them time need to realize they has since October.

To be seen to be fair to all concerned Mr. Sanusi should publish a detailed report on all the banks and how they arrived at the conclusion of indicting 5 banks. This is expedient otherwise the cry of victimization, sectionalism and so on will be justified.

i think we should not forget that the likes of Femi otedola and dangote were the ones donating 1.2billion and 1.5 billion to the pdp's new secretariat, and nobody then wondered where the money was coming from, is it not madness? why take loans of billions from bank and dash the government billions of naira?I think something is not right

SORRY MR. IBRU THAT CRAZY BOY DOES NOT KNOW OLOMU, ONLY ALLAH, AND EVEN THEN WHEN 'HE' DOES NOT DISAGREE WITH HIM....TRY THE COURT SYSTEM FIRST!

URHOBO MARITAL LAW? NOW THIS IS INTERESTING. IS CUSTOMARY LAW ABOVE THE LAWS DULY MADE UNDER THE CONSTITUTION OF THE COUNTRY? THIS SANUSI, HE IS CRAZY, GRABBING AND KEEPING SOMEONE'S WIFE! SUE THE FELLOW FOR DENIAL OF MARITAL CONSORT.

So funny to invoke some spirits in this century. Managers are held in high esteem because they are only custodians of other people's wealth. In any case, what is this thing about "Insult to Urhobo marital laws?" I think we should base our opposition on facts, rather than some mundane sentiments. On a final note, Islamic banking is a banking model, opponents should study the framework and raise their objections.

There are too many jokers in Nigeria. This clan of Ibru threatening to invoke "something or whatever" on Sanusi are part of them. Why has this clan not invoked their power to compel the faceless debtors to pay up, having been given enough rope by the regime of Soludo? In all honesty, I have downloaded from the internet the comprehensive list of debtors as compiled by the CBN, and it's a shame to note that one particular name of a stock broker, using four different entities/companies as their Managing Director has cummulative non-performing loans totalling N66 billions. This is arrant fraud. And Oceanic Bank is one of the banks in which thess frauds took place. Curious again is my finding, from the CBN list, the gentleman in question is from the South-South. I think Nigerians should encourage rather than villify Sanusi in his revolutionary mission. I listened to the man speak on British media here in the UK and he came across as a knowledgeable, confident, erudite and core professional. I don't care where he comes from, Nigeria is in slumber whilst the rest of the developing world is awake and toiling. Let's stop all these diversionary tribal, relegious and warpped colourations that lesser minds are reading into the current attempt to sanitize Nigeria. At least there is s'body in the PDP govt who is knows what he's doing. If you know of any other person from Aso Rock downwards, please tell me. Good luck to Nigeria.

The Cookie does crumble.

Respect the dignity of Mrs Ibru! EFCC should respect the dignity of Mrs Cecilia Ibru. Photos showing operatives of the agency, dressed as Hausa-Fulani, putting their hands on the woman show the indignity that this illustrious citizen is being subjected to in full public view. These ostensibly Muslim EFCC operatives wouldn’t have done that to a Muslim woman from the North. Normally, female operatives should have been used as Mrs Ibru’s minders which is the practice all over the world. It’s becoming clear that Sanusi and Yaradua want to seize these banks from their rightful owners and give them to their fellow Fulanis. Enough of this public humiliation of Southerners!

KUDOS TO IBRU FAMILY....... This is what the shareholders and bank directors should have done immediately Sanusi announced the forceful takeover of the banks. Our elite in the South must learn to use the instrumentality of our judicial system and the media to defend their rights or enforce them. They unfortunately too often take to lobbying Emirs and the so-called Northern bigwigs anytime they have problems as the country belong to these people. This is wrong as it amounts to self-surbordination. If Erastus Akingbola had used all the time he spent visiting Emirs and Northern governors to plan a legal and media defence in case of any Sanusi's illegal actions against Intercontinental, he wouldn't need to run away from the country. The Southern elite must stop being timid; they must assert their rigths as bonafide Nigerians.

Lol !spirits please, nija!

You must be planning to also bribe the spirit from the looted fund.My advise is that the spirit after collecting all the money from you will further deepens your predicaments. Why dont you face the issues, Did your sister not misapproprite funds? Was she not unethical as a professional?

Drama all the way. I take a "siddon look" attitude a la Bola Ige of blessed memory. Lets hope this issue is not going to add to the eventual disintegration of Nigeria.

The Audit exercise for the other 14 bank have been concludedwe are yet to see the report

Nothing will happen to Sanusi in JESUS NAME!!, AMEN!! instead he will continue to get the strength to stop this kind of evil practices by banks and other financial houses.

@ titi i so agree with you people like bernand ponzi should be kept in limo and hummer and be accompanied by suit wearing operative not fulani mallams! they should also be wearing the latest jacobs watches in public! olori gbeske

excuse my asking but what exactly is a juicy position? is it one that you get paid in juice; mango, orange, pineapple or my favorite guava? or is it one that you steal as much as you can in order to return to your village to dominate your age grade members with the assistance of the unbiased juice sucking elders of your soon to be blighted lineage?

RTFLMAO! Hilarious!! However, it is good to see that, even when facing the EFCC's gulag, some Nigerians still retain a sense of humour.

@ Frank (London): that stockbroker Peter Ololo was effectively the unofficial market-maker at the stock exchange. Every single financial institution (including Sanusi's First Bank) did business with Mr. Ololo -- until the crash of the NSE moved the market against his positions and left him holding the bag for much of the jamboree that pervaded the market.

Is Oceanic bank in trouble or not? Is Mrs Cecilia Ibru guilty of poor corporate governance or not? Did Mrs Cecilia Ibru approve unsecured loans or not? These are the issues. Anything else is divertionary.

CONFIRMED... Every nigerian is indeed a comedian. Invoke spirit on a fellow Nigeria doing a good job in putting the nation back to shape. OK,when not start by invoking the spirit on the past governors of your states(ur sons) who looted Nigeria's money!

R u kidding me?invoking spirits?lmao.has it got2 that,abeg u guys should stop falling our hands nija people.

Na today???

Funny people! Shebi it would have been wiser for the Ibru clan to use Olomu to recover the debts. I also want to think Olomu should be a fair spirit and would not want other families to suffer due to the gross 'mismanagement' at Oceanic Bank by the Ibru machinery. (pls note, I said MISMANGEMENT not FRAUD). They that go to Olomu should do so with CLEAN hands!!! Also remember that no causeless curse shall abide!

Na only dem get spirit??! Without passing judgement or taking sides..let me say THEY THAT GO TO OLOMU SHOULD BETTER DO SO WITH CLEAN HANDS!

Ridiculous!The Ibru family should pray that the Olomu doesnt turn around on them...if Olomu is really a spirit that seeks justice...Nigeria na wa oo..now they accuse the man of wife stealing!!!

i thinnk the invoking of spirits is too hilarious.But on the other and i also think we should be careful not to come under any paticular religions mode of banking whether islamic or otherwise cos gradually they will introduce things that will eventually take our rights away from us.

Madness! see foolish people displaying stupidity, no be only olomu, let them collect Yemoja from the west also. Our people still cannot smell coffee. Let them go to cecilia and daughters to practice all these nonesense banking. I blame Soludo now, see hime wearing political cap now, he has spoilt our banking system. Never in the history of this nation has a CBN governor retired into politics. The guy is a failure. See what is happening now.

Now i really can't stop laughing Traditional Religion, Islam and the Judicial System! This is indeed a joke right?

God is supreme,never invoking any spirit against Sanusi Lamido.Everyone in authority is of God,whether muslim,christain or pagan,God allowed it.Mrs Ibru becoming MD/CEO Of the bank was also allowed by God and God is not unaware of the happenings now.NEVER YOU ,HEAD OF CLAN THREATHEN WITH THE FAILED,FADED & DEAD GOD OF YOUR TRIBE .GOD IS SUPREME AND THIS WOMAN HAS DONE WRONG BY MISMANAGING SHAREHOLDERS FUNDS.What about funds given to her white son inlaw for a project everybody kicked against in the bank and in her immediate family,to the tune of over half a billion and others......The truth must be said,NO POWER CAN HURT SANUSI,HE HAS THE EDGE OF GOD AROUND HIM FOR THIS ASSIGNMENT.

Why are they fanning the embers of tribalism, all this things wont stop.It is a shame, this woman just like others have committed certain offences against the laws setting up banks, they have to be tried.What are these guys talking?What marital laws are they talking about?

i am really happy,with this sanusi guy,i weep to see how a few elites in nigeria have continuously raped and abused the systems,invoke spirits!!!pls invoke all you can,trying to stir up sentiments (its directed against the south-south) defense,where were you when tafa balogun was dragged in court,al Mustafa is still in prison,nigerians its time we stand up and support laudable efforts like that of sanusi... please IBRU clan send ur spirits to collect the loans from the debtors...i think they will pay faster if spirits are involved.......lwkmd

sad but funny development. invoking spirits and violating traditional marrital laws? and yet we are canvassing for more women in govt so that they would commit offences and invoke more spirits and remain at home? please we need to move on.

e be like say dem no tell d spirit the true story if not e go start wt dem.unless em ma collect 2.lol

sad but funny. there's an international presure for more women in govt. yet the one from nigeria are not ready to face consequencies for failure. i don't think the women are ready yet if this is what we are going to get from the rest. LOL

Mrs Ibru is a bread winner.I appreciate and understand the emotions of her people.To invoke the spirits of Urhobo gods on Sanusi?That I believe will only be possible if all the depositors and shareholders of Oceanic bank are Urhobo.Lets be serious with issues people!

Is Urhoboa marital law supreme to the Constitution? The so-called spirits should be invoked on those who borrowed and refused to pay back like the Nanny. Naija tribal spirits--even dem too don corrupt. Abeg.....

i thought ibru is a christian, wanat to invoke olomu spirit, if she ahs done well, then justice but if bad, she may go for it.

Let the elders and spirits of Urhobo land respect themselves by keeping off this matter. I also agree that Sanusi should tell us about other banks.

Let's stop all this foolish talk of invoking spirits.MAMA as she is rightly called has things to settle with their tiny gods then.Is she not a christian,what's the need for the urhobo tiny god that couldnt stop here from borrowing money without collateral and she herself spending the money any how.let her look inward and ask for mercy,they thought she owns the bank ?,the answer is NO.THE IBRU'S DONT OWN THE OCEANIC BANK,SHAREHOLDERS DO,MAMA IS JUST PRIVILEDGE TO MANAGE AND THE CHANCE IS BLOWN UP FOREVER FOR HER AND D CHILDERN.sHE HERSELF KNOWS IT.WHAT A PITY.

olumu..........u are powerless....a dead god.....ibru should face the music if she is guilty,not talking of yeye spirits way nor day exist......make them use olumu remove crazy yar a dua from power,if e really day work.niaja, wonders would never end in this part of this world...........ha ha ha ah............

@Titi & Odiete, my prayers is that God shall deliver u from your confused reasoning. Let the Ibrus moved from Olomu to Amadiora to Obatala to Sango to Yemoja and other little gods they pride in, we shall continue to support Sanusi with the spirit of the living God, the creator of heaven and earth who will surely deliver Nigeria her evil children. If you guys has so much love for Mrs Ibru (such a nice woman by my own estimate), you would be praying that she refund all that has been laundered through her house maid and the rest un-collaterised money to her friends. As for Akingbola let him run to ROME he must come back to face the evil he perpetriated. So funny, he knows anything about fairness and God as he claims or else the country would have collapsed with their financial manipulations. Elese ng sa nigba teni kan ko le. Instead of hiding in UK, let him come down and confront his challenges. He is such a coward, where even a woman Mrs Ibru can step forward to answer for her mistakes he is busy hiding in some corners of europe. He has demonstrated he is not a professional cos if he is he would come down to shred Sanusi allegations, but he can`t do that because he knows Sanusi allegations is just a fraction of the miscarriages in Intercontinental under him. Mr Sanusi, kindly go on and release the result of the remaining investigations, also expand your area of focus beyond bad debt & illiquidity. Direct your searchlight on Forex, Branch expansion, Funds trasfer and similar headings of fraud. Fellow Nigerians, let us support a just cause to deliver this country from perpetual stagnation. Regards

Let us not trivalise this monumental national issue. We are not sparing Sanusi and his cohorts, we have been shouting that he should publish the result of the other banks, even if they are clean.But no he wouldnt do that. That does not mean that we would localise the issue by inviting local deity againt public officer.Afterall why did Mrs Ibru go into hiding at inception of the case only to be appear when the heat became too much for her. What has she said about using her domestic help to accumulate loans and launder money outside the country.Why will she preside over a bank with such huge portfolio of debt, that are at best doubtful.These are the issues that she needs to clear first before introducing sentiments into the case. In as much as i dont believe in fetishness, i still believe that the just shall go scot free.It is only time and endurance. It may turn out to be good for her to make ammend in her life and know that no condition is permanent in this world.She should acknowledge the supremacy of the almighty and perserve as she may have known comfort all her life.Let her see what other less privedge pass through on daily basis.

Am surprised that this same Oceanic Board/management that calls "Big Men of God" to pray at the head office on Ozumba, has now resorted to the gods. It is the more reason why the Almighty God will not fight their cause since they have resorted to this "african insurance". the bible says "be not deceived, God is not mocked, whatever a man sows, that will he reap" you sow corruption, you will reap corruption!

@obalola...kudos to u....i day ur side.....nor mind titi and odiete, they nor know wetin day happen for this part of this world.....i pity them...........

Can somebody in this forum tell me exactly what offense the CBN or EFCC has accused Mrs Ibru of? Granting loans without security (ignorance of the 5C's of banking), granting bad loans (how many has Sanusi granted in his career), poor corporate governance (bogus,bogus,bogus) etc.Conclusion: No offence; that is why they are holding them ad ifintum so that they can actually search for an offfence. Absurdity! Absurdity!! Absurdity!!!

@Danny. Exactly my thoughts. All the so called offences are just too bogus and at best could only be considered as poor professional judgement. Definitely not a crime for which somebody shd be detained? Allan Greenspan (former Feds boss) should be serving a life jail term now by this standard, giving the fact that he is the main architect of the sub prime mortgages that has plunged the whole world into this current economic crisis.

eh en....at this time and age.i'm disappointed in the ibru's

Give the bank time to recover the loans? What a load of rubbish! What planet are these people on? Where was the family when Oceanic was granting dodgy loans to Ibori and his cohorts? They've now turned on Lukman and are regurgitating that tired conspiracy theory of northern agenda. Lukman, greatest enemy of the Niger Delta people... Really? Presumably, our best friends are the thieving governors who continue to rape the region with impunity? Ibori ran the show in Delta for 8 years with an annual budget of over USD$1bn. Yes, a billion dollars. What do we have to show for it? A few street lights and a lick of asphalt which they pass off as roads.

PLEASE MRS IBRU SHOULD ACCOUNT FOR DEPOSITORS MONEY....THERE IS NO ROOM FOE SENTIMENT HERE

@igodan victor junior.I might be wrong but noticed that anytime Mrs Ibru's story comes up on this site u jump in immediately to denigrate her. I have also noticed that that is only when u make a contribution. Any personal score to settle?

ehn ehn well done Jare Titi.you need to suggest to efcc how to handle criminals as it is seemingly your job to do so. if you have had the mis-fortune of taking a loan to do business in Nigeria you will have an idea what Sanusi is doing and stop looking at this matter from your myopic point of view.the excesses of the likes of cecilia are moved into our accounts as interests,hence the quagmire.have you ever heard "interest per reconciliation","administrative charge","legal charge"? do you have a bank ED friend and have wondered why we all are not bank EDs.get some education please.

Why are people saying the CBN has failed to release the audit of the 14 other banks? The audit and process has not been completed. After audit is done the relevant authorities in the CBN and NDIC are going to look at the audit result and make conclusions before releasing it. So what is the rush or lie that the audit has been completed but have refused to release it all about?

Which ¨yeye¨spirit? Nigeria certainly should NOT be allowed to be a laughing stock before the world. We neednt trivialise an important economic issue like this. Sanusi should not pray anymore, but say Amen every day he wakes up because we are praying for him. Cecelia Ibru should graphically state how many genuine business, whether small, medium or large scale she has approved loan for. Yes, I know what I am talking about. These are people who abuse public trust and frustrate the noble efforts of government to lift us out of the abyss. They are busy trading with unsuspecting public°s money amongst themselves in a vicious circle. The former had talked about not allowing anybody to use his/her position arbitrarily but lacked the political will to do what Sanusi is doing. God bless you Sanusi.

WHY IS THIS NEWS!!!!

This is complete ridiculous if some people can threating establishment because they have their families involved in malpractices and fraud.We should realise that what we write or say is heard world wide not only in Nigeria. I believe there should be process from government to tackle those that say rubbish like Ibru family,(they should be brought to court for false information and intimidation).Sanusi Sanusi should do his job without fear or threat from anyone whatsoever. So, for justice to prevail we need law to back people like Sanu Sanusi CBN Governor to do their job freely. If no one like the way Sanusi Sanusi (CBN Governor) tackles those rouges and pen-armed robbers, that present themselvies to us as prominent nigerians, then it's too tough, they should go blazes! God knows how long Ibru family has been stealing nigeria money and properts, it's time to deal with them, though not only Ibru family but to all old and new unblemished rouges that rule us.

this is complete nonsence.

@ Danny: Please educate us what u know about the 5cs of Lending and Lending generally. I wish to belief u a not talking about the factors to be considered before granting credit or else u wont be defending N15B to a single entity without adequate backup, moreso when same was laundered out of our borders. If u don`t know what u a talking about, I ll request you to pick up BOFIA, CBN, MONEY LAUNDERING ACTS & BASSLE ACCORDS and study, u may also approach CIBN for registration as a student member to learn about Lending procedures and requirements. I am honestly not surprised at the quality of reasoning and judgment of supposedly educated Bank workers (they are not Bankers anyway) who come to this forum trying to blaspheme, afterall they are only trained in manipulations and believed that is the best way to go. Mrs Ibru is such a nice woman with lots of love and admiration for her staff hence she is generally referred to as MAMA by everyone and I hold her in high esteem even more than most of her colleagues in the industry who Sanusi is yet to reveal their own miscarriage; but let Mama defend herself, were you there when credits were approved without BOFIA reqmts and Basel Accord stipulations, were u there when Money Laundering & CBN acts were breached. You may also need to read about the Financial Intelligence Units requirements. Ladies and gentlemen, we are at a junction in Nigeria where we must say it the way it is even if our wives,husbands, mothers,fathers, friends, godparents or anyone has done evil. When you are trivializing or supporting alleged criminal acts, it means you are an accessory to fraud. Once again, I will call on Nigerians to prevail on Mr President of the Federal Repulic of Nigeria to set up a TRUTH COMMISSION ON NIGERIA BANKS, the findings and way forward would put a permanent stop to the perennial crises in our Financial Halls. Regards.

The problem here is that d Ibrus' think they own Oceanic Bank... but they are so wrong..... I invested my 1million Naira in this bank which authomatically makes me a major shareholder in d bank.....lol. Now its bad enough my investment has gone to over 60% deficit on my principal, due to d fact dat my money was mismanaged by d Ibru family, now they are talking abt spirit. They should not let me evoke that spirit on them from here oo.....LOL Again, d Olomu spirit shd be checked to be sure the Ibrus' didnt give it some share of the loot too......Nonsense!!!!!

To all you who think the bank MDs have not committed any offenses, you would need to come up to speed with the Bank and other Financial Institutions Act, the criminal and penal codes etc. Trust me on this, any good unemotional legal draftsman will nail these people on at least 10 different counts the least of which would be cheating, stealing, criminal breach of trust, tax evasion, money laundering before even the big ones in the BOFIA. My only beef is that worse vermin in the political class - thieves and murderers are walking free whilst these ones are being served just deserts! For all those who insist SLS is on a bank grab for the Fulanis, no shaking. Any Fulani man show up as owner or MD, we go just commot all our money from the bank, all non-fulanis go resign and we generally leave the carcass for them to chop! Abi?

GOD ALMIGHTY WILL PURNISH ALL OF YOU WHO HAS OPPORYUNITY TO MAKE NIGERIA BETTER BUT CHOSE TO RUINNIG IT FOR SELFISH AND EGOSENTRIC REASIONS. WE ARE WATCHING WAITING ON GOD! GOD PLEASE RETURN THIS COUNTRY TO GOOD POEPLE.

If dey want make dey go call mammy and pappy water but the thing no go work...instead na dat their house girl wey they carry toomuch money give na im the thing go catch... barawo kewei...

I really don't care what happens it's all just the bloody politics...to all y'all who claims Sanusi is doing a good job, kindly ask him to release a detailed reports of the Central bank's findings of the other banks and then he would have done the best of jobs but if he doesn't then I'll still say...IT'S ALL POLITICS and I'll advise you all to get back to your jobs cos posting these comments on the internet won't fetch u money. I'm out!!!

That is the best way to deal with the banks MD cos they are just delfish and greedy.

@Obalola: If my memory is not failing,Colateral is the least of the C's of lending. The Dynamics of a credit, not the volume (amount) determines the weight u place on colateralisation. If I am discounting a $100 million invoice from Mobil, it will be unserious for me to ask 4 any form of colateral apart from a simple letter of domiciliation. If on the other hand a customer brings in a N5 Million invoice from Next, I might ask 4 some colaterals. Go and study properly and stop shouting BOFIA,BASSLE etc which I am very sure from the tone of your comments you have not taken time to study properly.

Cant wait for the seven days to elapse

Ok ooo. its enough already. while I'm still amused and disappointed by all this ''spirit'', ''olomu'' stuff...i'm even more amazed at how most of us here are quick to air their brilliant opinions and show how smart they are in their attempt to disparage cecilia...what she did was wrong accepted, but is all the name calling neccessary? the only reason we are being so talkative is becos no one has unearthed our own evil deeds. Its okay...59 so far. give it a rest....or say something good for a change. una well done.

i'm currently sitting with 'Olomu'. I have reached here(on behalf od sanusi) before the Ibru's. As a naija deity, i've been able to 'persuade' him to look the other way...as na me reach here first. By the time the Ibru's come...dem go shock...olomu don collect o, Olomu don collect dollar! chei even the gods don spoil! just evidence that the so called elite are a blighted class of people... and the rest?...follow the thought pattern

Breaking news!! They have all been granted bail. No need for juju anymore.

When we stop doing "deals" and start working as "professionals", the spirits may come out to encourage us to even work better for the benefit of Nigeria. Illiteracy is a painful disease.

YES!They 've been granted bail. But everything is ridiculous sha. Na only naija dey this wolrd? enhhhh?

na wa o!

I am sure Madam Ibru wont like this at alllllll Ah ha! Isnt she the same one that prays everyday in her bank? That sits in front rows of churches? The Bible reading, tongue talking, spirit filled Madam? They must be joking....... Or is she now a chief priestess of the Olomu spirit??? Kai, it has to be a joke...... Yeah I know it aint funny!

How I wish that the forces of our ancestral Spirits can fly an aircraft, send a ship into space, connect our villages through the internet, transmit our cultural values via satelites, reverse the trend of global warming, or at the very least send masquerades to harass anyone who mis appropriate public funds and take away food from the hungry, and medicine from sick people,

Olomu ko,Sango ni!We tribalise every issue in nig.i no blame una, cause d olomu deity profits frm her.

I am disappointed that the Ibrus believe their clan can invoke a curse on Sanusi who is trying his best to save the financial sector. I hope the curse will not kill their Mrs. Ibru because she is the guilty party.

I can't believe NEXT is giving this story airtime!!!! Have we no news to report today? Talk about perpetuating nonsense. People need to learn to be accountable for their actions, I don't believe the spirits were involved in laundering the cash or will they now say she was possessed at the time she was money laundering and didn't know what she was doing?

@Mary:u are the best,they think we can still fall for that? hell nah..everyone has wise up...Nigeria is all About DRAMA..we shall see what happens next......

This Guys are invoking spirits to attack somebody, this is a joke. This YEYE ELDERS were there when Nigeria graduates after years of study could not find a meaningful things to do to better their lives and still no employment. and some of these graduates go into life of vices and some die trying to reach Europe. I Pray to GOD for anybody that make life difficult for these young NIgerians and all Nigerians to reach the goals life be exposed. Business person or Politicians and Make their SO CALL SPIRIT GO After them and DESTROY THEM (if the spirit have o)

Arise o corruption Nigeria gods obey ...

@ Danny i am so sorry about not knowing dt Mrs Ibru`s Nanny is now the MD of Mobil. Even at that where is it written that it is a crime to request collateral from multinationals. Someone should go and read about ENRON. The question is, a fictitious loan of N15b was granted, the loan was not secured and the N15B was laundered out of our borders. I honestly share your concern for Mrs Ibru and all the other Banks CEO, however let them convince us (NOT YOU) that they acted within the law. I also read elsewhere here about the CEOs creating jobs, we should be convinced that creating jobs is now a license for lawlessness. God would help Nigeria. Regards

Our Ancestral Spirits are apparently distressed by the level of moral decay among their off springs in this countyr called Nigeria. They are more aggrieved by the fact that their off springs have abandoned communualism and put on the monstrous toga of crass greed, unparalled selfishness, which invariably have made life hellish for millions of the less priviledged. Otherwise, these Ancestral Spirits would have long exposed and dealt openly with the killers of Dele Giwa!

laugh wan kill mi die and the plot thickens olomu. nigerian should take their cue about good script from this saga.it is so full of suspense,just like a tom clancy novel with an african setting. im sure arewa will be next entity to respond. it should go like this :OUR SON MUST NOT BE HARMED OR ELSE..... waoooooooooooooh,sanusi has really created drama in this otherwise dull administration.and the award for the best producer goes to -----

Invoking the spirits. Interesting!!! Hmmm. Spirits of our fore fathers.. Chanting. How will invoking d spirit solve our problems.?shaking my head** hands behind my back And chewing pako** Na today?

@ken......haba!!!!!!...i am not the only one here talking about the ibrus..i have invested heavily in oceanic bank...it really hurts me now that i cant sell off my shares to get my hard earned cash from that bank...apart from that...nothing else..and another point of correction..i always make comments daily on topics that interest me..not only on the ibru's matter as u said..........

@ JENNIFER W: there is a strong MISOGYNISTIC streak in Nigerian society, and unfortunately much of it is reflected in some of these comments (which disheartening coming from a cross-section of supposedly educated mostly young Nigerians). Accordingly, I have noticed a trend of coarse (even crude) tirade directed against the person of Mrs Ibru that is particularly virulent when compared to the other sacked MDs.

In banking 'risk' is the name of the game and the rest of the world including Naija copy what the Americans and Europeans do. Can we take consolation that Lehman Brother's, the fourth largest investment bank on Wall Street and one of the leading lights in New York's Wall Street had a leverage of 44:1 at the time of its demise in September 2008 which triggered the global financial crises? At the same time the three other leading investment banks on Wall street had leverages ranging from 25 to 35:1, indicating the natural state of play of the banks. These banks had all been issuing bad loans with/ without securities (including sub-prime) in a bid to deliver ever increasing shareholder returns. Prior to this Lehman posted record breaking profits in 2008 (believe it or not) only a few months before being exposed and bankrupted! Given the actions of Lehman Bros and its devastating effects globally, the world over on individuals, companies, the New York Stock Exchange and governments... its chief executive Dick Foulds have yet to be incarcerated but has only so far been subjected to a congressional hearing. One would like to commend the courage of Sanusi and hope it genuinely seeks (only)to redress anomalous banking practice in Nigeria. I dont know about calling on local gods nor should we condone any deliberate malpractice but methinks Mrs Ibru and the Intercontinental CE have not been given fair treatment considering the other more powerful banks have time to now put their house in order.

why didnt the ibru family invoke spirits on oceanic bank loan defaulters.

it's like the chief priest of olomu wants to take his own share of the loots.... since ordinary nanny can be part of the beneficiary.again if any good agenda will help our country the agenda shd be supportted.these ppl think we are still dull, they think they can manipulate our brain so that we can support their illegality....

Its a pity that most Nigerians are ignorant of happenings in this country. The offences are not just mis-management, how can we explain that a nanny in Ibru's family is now a beneficiary of some billions of Naira. If you don't know, this nanny was responsible for the purchase of everything they use in Oceanic Bank, from corporate gifts, equipments, and general supplies. If counting machine is sold for N5000 outside, Oceanic bank will never buy from outside but this Nanny will supply hers at N8000 and you can't negotiate. If the machine get spoil the following day, you can't complain but place order for another one from her and immediately your account is debited. Imagine taking money from the bank to build the bank Head Office in her name and in return lease it back to the bank at crazy rate. This is madness, is Ibru family the owner of Oceanic, this is a public quoted company for God's sake. Why don't we just see reason for once. Abroad, if you only mis-managed but not having a direct benefit from it, its a different ball game but in our own case, we approved these loans directly to ourselves or indirectly through our friends or nanny, you see why the treatment can never be the same with what is happening abroad. Where on earth can you explain a bank MD in possession of One Million Pounds Sterling, even the queen of England can not have that kind of money.If its genuinely owned its ok but stollen money. And in return, they will cook their books to reflect profit that is never there to deceive innocent people. Please let us throw our weight behind Sanusi for accomplish this task. Its terrible.

Wonder will never end. Everyone want to be like Jesus but in the face of small trial they want to involke the spirit of their ancestors. So all along, they've never been real christians anyway. Though its not for me to judge but this is not a good examples for would-be christians. Even in the face of death, Gani stood for the trught, when Jesus was about to be crusified, he said "Father forgive them, for they know not what they are doing". If she is innocent, why the spirit of the anccesstors. Show me your friend and I will tell you who you are.

The mighty God ALLAH is above idols. Sanusi prays a lot. Look at his forehead... Fulani people are very powerful so the idol worshippers should not under estimate the fact that all Fulanis are behind Sanusi.

Very good comments from all of U. But let people stop insulting others. You are entitle to your own opinion on this issue. My dear christian brothers and sisters, don't be hasty in passing comments. Mrs. Ibru is not the one who promise to invoke the olumo spirit. Secondly let us all hope that Sanusi is trully sincere. Thirdly, let us plead with the Government to pay the contractors who borrowed money from some of these banks to do business for the government. Finally let the government pay their own debt. If our government is not part of this corrupt practices, there would not have be sentiment from any angel. Let us all pray for God intervention, so that Nigeria will be better at the end of the day.

Lol... I take the publishing of this article by 234NEXT a comic relief. I mean for goodness sake why is someone talking about invoking someone (or is it something)? These illiterates should be renegated to the background and such words should not be given the honor of being printed, talkless of being read. However, while I do not condone what the bank chiefs have "allegedly" done, I also do not this the CBN Governor took time to think of the far reaching implications of his actions. Banks have, and will continue to fail world-wide, but I have yet to know of one where a public show was made of them, as we have done here. Do we not realise its an indictment on the integrity of their regulators? But while all of this is going on, let the Olomus keep thier jazz in their pockets, I beg of you. ;)

@Obalola: Your latest thread is too pathetic for a response.I rest my case.

I see no reason why some people cannot think rightly,what does mr. Sanisi corretion of the wrong by the Bank has to do with Orhobo marital law. If so call Orhobo is happy then let it go and die. Mr. go ahead God is your strenght no body can harm since you are doing right thing to the benefit of all Nigerians, their gods is a dead gods they have no spirit to invoke. I dont know why we support curruption while crying for curuption, Mr. Sanusi is out fighting against curruption please let support him not going against. Some complaining that enough time was given to Banks that not so, enough was given to them to put everything right but they did not cos of their curruptive minded. Pls let join our hands are give support CBN and Mr. Sanusi.

Where is the spirit of olomu? when our oil resources are being taking away and our leaders empty the treasury of the state and country for their selfish interest like Ibori and Co.

sometimes we really do not know, I think there is game plan, well whichever or wehatever, now that spirits has become part of the governing body of the nation I think is welcome developement may be they may help regularise democracy.

NA DEY JUJU WORK HENCE THE BAIL...I THINK SAY GOVT NO DEY FEAR...RIDE ON OLOMU, I AM NOW A CONVERT

The rich also cry

the spirit thing is actually funny and ridiculous.if the spirit is dat effetive why cant the niger delta use it to settle their differences with the federal govt.why cant dey use it to fix all the damages dat have come to their lands,why engage in kidnapping of expatraite.they sud just tell their OLOMU spirit to collect their share from the govt.why didnt d OLOMU warn mrs ibru dat wat she was doin wud come back to huant her(maybe she didnt listen) Any wrong must be corrected,this is not a tribal issue,lets be realistic ,all the affected banks' heads should be made accountable so we can move forward.

Ibru family should stop disgracing her bread-winner.

Its outrageous to invoke a clan spirit into this century... the so call big shot who donated billions of naira into non-developmental projects are big time bank debtors. The trends in this country Nigeria is ridiculous in the sense that money has been grossly abused. Why on earth would someone dash out hugh amount of money (public money)whilst his indebted to several banks. In the case of the bank chiefs (Mrs Ibru especially)they should be given more time to recover the debt from the debtors. The deed has been done, there should be a solution...

Why are the Ibrus crying over split milk. So the CBN should not discharge its duty again because of their Uruobo Marital Law. This is pure sentiments and they should not personalise the issue. Since she is not the only MD that was sacked, that means Sanusi will have to answer more than one god/spirit?. NOTHING MUST HAPPEN TO SANUSI PLS!!! He is only doing his job, period.

invoking spirits is not the solution.ocanic bank boss should do the right thing.I also hope sanusi is not being sectional.