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Five months after his death, 16 children of Chief Olorogun Michael Ibru start property, paternity battle

The Nation newspaper is reporting that sixteen children of one of Nigeria’s prominent businessmen, Chief
Olorogun Michael Ibru, have filed suits and counter suits over the
sharing of his multi-billion naira assets.

Chief Ibru died last September. He was aged 86.

The Nation newspaper reports that one  of his sons, Oboden Ibru, has
approached the Igbosere High Court, Lagos, for a declaration, among
others, that he and his 15 other siblings are entitled to the
estate of their father.

In a counter-claim, one of the late Chief Ibru’s daughters, Janet Ibru,
urged the court to declare that only persons whose paternity are
confirmed by a diagnostics centre in the United States are entitled to
an equal share of the estate.

Oboden’s suit was filed February 8 by Chief Bolaji Ayorinde (SAN) but has not been assigned to a Judge.

The defendants are Oskar Ibru, Peter Ibru, Emmanuel Ibru, Gloria Ibru,
Elaine Ibru-Mukoro, Elvina Ibru, Mamemo Ibru, Janet Ibru, Obaro Ibru,
Vivi Ibru-Stankov, Edesiri Ibru, Christiana Ibru, Jero Ibru, Vikwesiri
Ibru, Gabriel Ibru and the Probate Registrar, High Court of Lagos State.

The claimant is seeking an order declaring that a Memorandum of
Understanding (MOU) of January 2, 2001 is valid as to the distribution
by way of gift of the late Ibru’s assets to both “Ovuone” and “Ivetu”.

He asked the court to declare that the properties listed in the MOU
belong in their entirety to “Ovuone” being gifted jointly and several
times to “Ovuone” in the lifetime of the late Chief Ibru.

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Such properties include No. 1, Marine Road, Apapa, Lagos; 47, Marine
Road, Apapa; 49, Marine Road, Apapa; 52, Marine Road, Apapa; 5,7,9
Emotan Road, Apapa; 3,5,7 Ladipo Oluwole, Apapa; Daska House; Blomfield
Court; 33, Michael Ibru Boulevard; 6, Louis Solomon Close, Victoria
Island, Lagos and 5/7, Queens Barracks Road, Lagos.

Others are No. 20, Queens Drive, Ikoyi, Lagos; 6, Kensington Park
Gardens, London; Starcross Farm; Hillcrest Apartment; Zabadne Plot,
Abuja; Maitama Plots, Abuja; Maroko Plots, Lagos; 7, Randle Close,
Apapa, Lagos; all shares in Oceanic Bank; Oteri Holdings Limited’s
shares in Minet Nigeria Limited; Oteri’s shares in Ibachem and the
portion of Ibafon land occupied by Ibachem and Ovwian land.

The claimant is also seeking a declaration that the judgment delivered
by Justice John Tsoho of the Federal High Court, Lagos on April 17, 2014
remains valid and subsisting, having not been set aside by any court of
competent jurisdiction.

Oboden also asked for an order appointing himself, seventh defendant,
Christiana, first defendant, Oskar and eighth defendant, Jero, as
administrators of the Ibru estate and an order directing them to apply
to the 16th defendant for the grant of letters of administration for the
estate.

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An order of the court appointing Messrs. PricewaterhouseCoopers Limited
to conduct a forensic audit of the shareholdings and assets, whether
real or personal, belonging to the estate of the late Ibru in Oteri
Holdings and any other company in Nigeria or anywhere such may be
located, discovered or found in the world and submit such report to the
Registrar of the court within 90 days of the order and the cost of such
exercise be paid by the administrators so appointed herein.

The claimant is seeking an order directing the administrators to divide
the assets into 16 equal shares and that same be given to all the 16
surviving children of the late Ibru.

But in a counter-claim, eighth defendant Janet urged the court to
declare that all matters pertaining to the estate be adjudicated in
Nigeria as well as a declaration that she is entitled to a refund of all
expenses, including the $48,000 incurred by her in defending the law
suits of the second defendant.

Furthermore, she is seeking an order of the court directing the
administrators of the estate of the late Ibru to refund to her, the
expenses incurred in taking care of the late Ibru during the final year
of his life.

Tireni Adebayo

Tireni Adebayo is the Editor of Kemi Filani News.She has BSC in Mass Communication from the Redeemer's University and M.A in Mass Communication from the University of Lagos (2014 - 2015) where she majored in Public Relations and Advertising and Digital Media.  When she is not writing, she is either listening to music or reading her favorite books.Tel: +2348000000901 Address: Herbert Macaulay, Yaba, Lagos, Nigeria Email: [email protected]

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