A Federal High Court, Lagos yesterday sentenced former managing director and chief executive of Oceanic Bank Plc, Mrs. Cecelia Ibru, to 18 months imprisonment. The sentence came after Ibru pleaded guilty to counts 14, 17 and 23 of the 25 amended charges brought against her by the Economic and Financial Crimes Commission (EFCC). She got six months on each of the charges, totalling 18 months. The sentence will run concurrently. However, sources said that the former bank MD had a plea bargain with the EFCC.

Ibru was eased out by the Central Bank of Nigeria (CBN) along with five other bank chief executives, in line with the recommendations of a CBN/NDIC special audit team that reviewed the financial status of the affected banks.

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Posted: at 9-10-2010 09:41 AM (13 years ago) | Gistmaniac

Na 10 years dem surpose to give this woman,if to say na poor man now,dem go give am life imprisonment.GOD GO SUFFER YOU OLE OLOJUKOKORO. SEY DEM TELL U SAY DEM DEY SPEND MONEY FOR HEAVEN NI.

Posted: at 11-10-2010 09:57 AM (13 years ago) | Newbie

Well av gat nutin 2 say than dt may the wrath of GOD cum speedily upon the judge, ibrus lawyer, ibru herself n all dt has a connection 2 dis case. Am wld sum1 steal billlions of naira n all its worth is 6mnths imprisonment, wot a shame 2 d legal profession. Am not suprised at all but all i pray 4 is d speedy judgement of GOD upon all dis greedy rich ppl. OLÈ, MAY U ALL DIE IN PENURY.....................

Posted: at 13-10-2010 05:47 PM (13 years ago) | Newbie

good comment !

Posted: at 13-10-2010 05:53 PM (13 years ago) | Gistmaniac

make dem like give her 2day imprisonment na dem sabi afterall na all of dem follow chop d money wen she thief so na deir wahala be dt but i pray dt God will visit dem on time so dt dey will see wht i will become in future. nonsense pple

Posted: at 14-10-2010 03:29 PM (13 years ago) | Gistmaniac

if dat is the case then if i get my own opportunity i go carry the money well well, i go give dem half as bargain, after only 6 months i go come out and enjoy my billions simple. dats why naija corrupt well well. foolish people

Posted: at 14-10-2010 05:29 PM (13 years ago) | Upcoming

[You speak the truth. This lady deserve at least 10-30 years in prison for her crimes. She got away lightly with the help of our corrupt judges. This is why crimes in high places persist in Nigeria.The rich can always buy the judges and freedom. Why the poor rot in jail.dan fulani.]

Na 10 years dem surpose to give this woman,if to say na poor man now,dem go give am life imprisonment.GOD GO SUFFER YOU OLE OLOJUKOKORO. SEY DEM TELL U SAY DEM DEY SPEND MONEY FOR HEAVEN NI.

You speak the truth. This lady deserve at least 10-30 years in prison for
her crimes. She got away lightly with the help of our corrupt judges. This
is why crimes in high places persist in Nigeria.
The rich can always buy the judges and freedom. Why the poor rot in jail.

dan fulani.

Posted: at 2-08-2011 07:50 AM (12 years ago) | Gistmaniac

This is not fair! She deserves much more than that. Actually these are the people who exploit young bankers, generate much income (or in other words loot from the banks they are managing). How can a woman like this gather such amount of money wrongly?

Of all the money and properties she illegally possessed she was sentence for ONLY eighteen months! Naija Kenan!

Posted: at 2-08-2011 09:06 AM (12 years ago) | Hero

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