Jail term for ex-Nigeria bank boss

Cecilia Ibru, the former head of Oceanic Bank, is sentenced to 18 months in prison for fraud.

    The former head of a Nigerian bank has been sentenced to 18 months in prison for fraud.

    Cecilia Ibru has also been ordered to hand over more than $1b in cash and assets after she pleaded guilty to three of 25 accounts of fraud. 

    Her conviction is the first in a string of ongoing prosecutions over the near-collapse of nine banks in 2009.
     
    Catherine Soi has more.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    'We scoured for days without sleeping, just clothes on our backs'

    'We scoured for days without sleeping, just clothes on our backs'

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Daughters of al-Shabab

    Daughters of al-Shabab

    What draws Kenyan women to join al-Shabab and what challenges are they facing when they return to their communities?