The plea bargain between the former Registrar of the Joint Admission and Matriculation Board (JAMB), Professor Lawrence Adedibu Ojerinde and the Independent Corrupt Practices and other related offences Commission (ICPC) on resolution of alleged N5B fraud out of court has reportedly collapsed.
Dibu Ojerinde is standing trial over an alleged N5 billion fraud.
DAILY GIST reported that the professor had opted for a plea bargain with the Independent Corrupt Practices and other related offences Commission (ICPC).
It was gathered that the two parties were unable to agree on acceptable terms of settlement as promised at the Federal High Court in Abuja on Tuesday.
According to report, Ojerinde agreed to surrender all assets acquired while serving government, ICPC on its part stood its ground to take over all assets so far traced to him.
Some of the assets include several schools, companies and cash in banks standing in the name of the defendant.
ICPC’S lawyer, Ebenezer Sogunle just confirmed to Justice Obiora Egwuatu
that the agreement had collapsed and that the ICPC was ready to proceed with the trial.
Counsel to the Professor, Mr Ibrahim Ishyaku, SAN, confirmed the development and that his client was ready to stand trial on the charges.