IBORI: UK Renews Bid To Seize £117m

Crime Watch
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Former Delta State Governor, James Ibori may lose a whopping sum of £117m following the re-launch of legal action by a British prosecutor on Thursday, 16th January 2020.

 

The former governor was convicted of money laundering and graft in Britain.

About £117m known proceeds of crime are being targeted but only a portion of the sum was likely to be recoverable.

The case, according to Reuters, is expected to last for a period of four weeks.

Ibori, who was governor of Delta State from 1999 to 2007, pleaded guilty at London’s Southwark Crown Court in 2012 to 10 counts of fraud and money laundering.

He was sentenced to 13 years in prison but was released in December 2016 and is back in Nigeria.

Reuters reported that the prosecution counsel, Jonathan Kinnear, began listing assets that Britain seeks to confiscate from Ibori and return to Nigeria at Southwark Crown Court on Thursday, 16th, January 2020.

In 2013, a first attempt was made in Britain to confiscate Ibori’s assets, but it was aborted after three weeks of hearings because of unresolved legal disputes.

The confiscation process was stalled for several years while Ibori and several of his associates, who have been convicted based on their roles in the money laundering, appealed unsuccessfully against their conviction.

During his tenure of office, Ibori was alleged to have amassed a portfolio of luxury properties in Nigeria, London, Washington, Houston and Johannesburg.

Reuters reported that the ex-governors lifestyle during those years was a far cry from his modest beginnings in life.