Politics
British Court Orders Confiscation Of £100 Million Linked To Former Delta State Governor James Ibori
A British Court has ruled for the seizure of £100 million connected to James Ibori, the former governor of Delta State, Nigeria.....KINDLY READ THE FULL STORY HERE▶
This development comes after approximately six years since Ibori returned to Nigeria following a prison sentence for money laundering and fraud charges.
The British authorities had previously indicted Ibori for embezzling public funds and engaging in money laundering activities through UK banks and properties….CONTINUE READING
In 2012, he was convicted and sentenced to 13 years in prison after pleading guilty to ten counts of money laundering.
In a recent development, David Tomlinson informed the judge at Southwark Crown Court on Thursday that the money should be confiscated based on factual findings related to the funds.
This decision marks the end of a decade-long legal battle and prosecutors’ efforts to seize the funds believed to be the proceeds of Ibori’s activities in the UK.
Judge David Tomlinson of Southwark Crown Court was presented with the calculations for the seized amount, taking into account his findings. He is expected to finalize and formally issue the confiscation order on Friday or shortly thereafter.
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