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Thursday, November 4, 2010

Ibru urges court to transfer her to LUTH

Convicted former Chief Executive Officer of Oceanic Bank Plc, Cecilia Ibru, has urged a Federal High Court in Lagos to order her transfer from a private hospital on the Victoria Island to the Lagos University Teaching Hospital .

Ibru, who is currently serving a six-month jail term, said that the transfer would give her access to further treatment.

Ibru’s counsel, Margaret Orakwusi, had on Oct. 29 filed an application, asking the court to order her transfer from Reddington Hospital to LUTH.

The application, however, could not be heard on Wednesday because of the absence of the counsel to the Economic and Financial Crimes Commission, Konyinsola Ajayi .

Ibru, who claimed to be suffering from a chronic cardiac problem, was sentenced to six months imprisonment by Justice Dan Abutu on Oct. 8 without an option of fine.

She had pleaded guilty to the offence of granting 20 million dollars and N2 billion credit facilities above the Central Bank-approved limit.

Ibru also entered into a plea bargaining with the EFCC and forfeited assets worth N191billion, comprising 49 properties in Nigeria, the U.S. and Dubai to the Federal Government.

She equally forfeited shares in more than 100 firms.

The case was adjourned for Nov. 8 for hearing.

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