Photo: Ex-Delta Gov James Ibori
UK Court to seize ex-Gov Ibori’s £100m loot
A court in the UK is set to order the seizure of more than £100 million ($129 million) from former Delta State Governor James Ibori.
Periscope International reports that the former Governor also risks another 10 years sentence, in spite of having previously served a lengthy prison term in Britain.
This comes about six years after Ibori’s return to Nigeria after serving a prison sentence for money laundering and fraud charges.
The British authorities had indicted him for stealing public funds and laundering them through UK banks and properties with the trial on confiscation proceedings against Ibori beginning in February 2017.
According to reports, Judge David Tomlinson of Southwark Crown Court has made factual findings regarding the amount of money linked to the former governor.
The prosecution and the defence, during a hearing, presented their arguments on how the confiscation figure should be calculated based on the judge’s findings.