The convicted former Chief Executive Officer of new defunct Oceanic Bank Cecilia Ibru returned to court on Monday in her bid to reverse the sale and acquisition of the bank by Access Bank plc.
Ibru who served out her six months sentence in 2010 on a hospital bed while forfeiting over N190 billion in assets and properties as part of a plea bargain deal is alleging breach of the plea agreement by the federal government.
A suit filed by her lawyer Ted Iseghohi-Edwards on behalf of her and the Ibru group against the Attorney General of the Federation and the Asset Management Corporation of Nigeria AMCON, is seeking a full enforcement of the plea agreement.
Specifically the plaintiff is seeking a declaration that the stripping of assets and eventual sale of Oceanic Bank to Access Bank was not part of the plea deal, which she signed.
The same prayer applies to another of her companies Aero Contractors where she claims the airline operator was not in the list of companies forfeited to the government. Trial Judge Ahmed Mohammed will bear the parties on the 10th of July, 2014.
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