Former Oceanic bank of Nigeria CEO, Cecilia Ibru has been sentenced to six months in prison after pleading guilty to 3 of 25 counts of fraud and mismanagement. She is also being fined 1.2billion Naira. This is definitely progress being made in the fight against corruption and making people in power accountable for their actions. The problem is I do not think the punishment is harsh enough to serve as a deterrent to other banking executives who choose to break and consider themselves above the law!
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