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Wednesday, September 21, 2011

OBODEN & OBARO EASED OUT OF OCEANIC BANK

When the going was good and fabulous, this 2 brothers from the Ibru clan-Oboden & Obaro were top honchos at the bank where their mom was the numero uno, whose authority no one could controvert, but with the sweeping changes that came upon the banking sector like a whirlwind, though some people would prefer to liken it to an hurricane, things began to take a negative turn for the Ibru's, first Mrs. Cecilia Ibru the former CEO & MD of Oceanic Bank then, was convicted for bank fraud and sent to jail for 6 months, while she was to forfeit a whooping #150 Billion Naira in assets and money.



While madam held sway at the bank, the sons who were top executives of the bank where their dad held the controlling shares were like lords, but after the fraud was discovered during the banking consolidation exercise and the bank share value dropped like a yoyo, things seemed not to be the same again, especially as the holdings of the family was also decimated, now with their powerful mom out of power at the bank, and with the new CBN installed management quietly doing their best to take the former troubled bank to the next level and even doing a good job at it, the 2 remaining members of the Ibru clan in management at the bank were not too long ago quietly eased out, though the family holdings is still intact. We hear that Obaro has gone on to take charge of the family airline business-Aero Contractors,we do not know for now what suprise(s) Oboden would spring up with.

2 comments:

Anonymous said...

Obaro is finally out and about in Lagos after how many months of hiding out and you people want to embaraize him again. Na wa o. I love it :D

Anonymous said...

hahahahah re OBARO!! LOLLL

WHERE IS OBODEN? HIS FINER LESS CRAZY BROTHER?

I HEAR HES AMAZZZZZING IN BED.