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 were forced out by the government soldiers'

    'We were forced out by the government soldiers'

    We dialled more than 35,000 random phone numbers to paint an accurate picture of displacement across South Sudan.

    Interactive: Plundering Cambodia's forests

    Interactive: Plundering Cambodia's forests

    Meet the man on a mission to take down Cambodia's timber tycoons and expose a rampant illegal cross-border trade.

    Pakistan's tribal areas: 'Neither faith nor union found'

    Pakistan's tribal areas: 'Neither faith nor union found'

    Residents of long-neglected northwestern tribal belt say incorporation into Pakistan has left them in a vacuum.