8th October, 2010
A Federal High Court sitting in Lagos, South-West Nigeria, this afternoon sentenced theÂ former Managing Director/Chief Executive Officer of Oceanic Bank International Plc, Dr.Â Cecilia Ibru to 18 months imprisonment in a plea bargaining arraignment.
However, the convicted banker will spend only six months in the prison as she wasÂ convicted six months each on a three-count charge. And the sentences are to runÂ concurrently.
The Economic and Financial Crimes Commission, EFCC, prosecuting counsel, Mr. KolaÂ Awodehin, told the court that there was an agreement between the prosecution and theÂ accused person which has involved a formal agreement which he filed before the courtÂ asking it under order 17 of the Federal High Court Act and section 6(6) of theÂ Constitution which enjoined the court to promote reconciliation among parties toÂ facilitate amicable settlement in civil and criminal cases. Therefore, he urged the courtÂ invoke such power.
Awodehin further told the court that it is the desire of the prosecution to amend theÂ charges that have been filed in the matter by applying to withdraw all the charges withÂ the exception of three charges which are counts: 14, 17 and 23. Thereafter the accusedÂ was freed on the other charges.
She pleaded guilty to the three-count charge. She was consequently sentenced.
Her lawyer, Prof. Taiwo Osipitan (SAN), pleaded that she was coming from the hospital toÂ the court.
Delivering his judgement, Justice Dan Abutu sentenced Mrs. Ibru and directed that sheÂ should be returned to the hospital.