In 1978, Ibru joined the
Ibru Organization as project director. After two years in this role, Ibru went on to serve as international finance coordinator, a position she held until 1990. Ibru appeared in court alongside three other senior banking executives in Nigeria. They all denied charges that they were involved in a multibillion-dollar banking scandal. Anti-corruption police brought criminal charges against executives from five banks rescued in a 400bn naira ($2.6bn; £1.6bn) government bail-out. All the banks were found to have low cash reserves because of bad loans. It was alleged that Ibru extended credit facilities of 16 billion NAIRA to a company who had no collateral. On 8 October 2010, Ibru was convicted on 25 counts of corporate fraud. She was ordered to reimburse $1.2B (£786m) in cash and assets, and sentenced to six months of prison. The court confiscated over 100 properties from her in Nigeria, Dubai and the United States. ==Michael and Cecilia Ibru University==