Senate Cmmittee Summons AMCON, CBN, Over Cecilia Ibru's Feited N150 Billion Assets In 2010

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.

Naira Appreciates at Interbank Market

The Naira, at the Interbank market, on Thursday gained 80 kobo to the dollar, the Central Bank of Nigeria (CBN) says.

The apex bank, in a statement in Lagos, said that the Naira closed at N185.50 from the N186.30 recorded on Wednesday.

The News Agency of Nigeria (NAN) reports that the appreciation may be due to regular intervention at the interbank and foreign exchange markets by CBN.