Five months after Olorogun Michael Ibru‘s death, sixteen of his children have filed suits and countersuits over the sharing of his multi-billion Naira estate.
Ibru, one of Nigeria’s prominent businessmen died on September 6th 2016. He was aged 86.
According to The Nation, one of his sons, Oboden Ibru, has approached the Igbosere High Court, Lagos, for a declaration, among others, that he and his 15 siblings are entitled to the estate of their father.
Oboden’s suit was filed on February 8 by 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 Ibru.
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.
Oboden wants the court to declare that an April 17, 2014 judgment delivered by Justice John Tsoho of the Federal High Court, Lagos remains valid and subsisting, having not been set aside by any court of competent jurisdiction.
Oboden is also seeking for an order to appoint himself, 7th defendant, Christiana, 1st defendant, Oskar and 8th 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.
He is also seeking an order of the court appointing 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.
In a counter-claim, one of the late 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.
In Janet’s countersuit, she 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 lawsuits of the second defendant.
She is also 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.