UK Moves To Confiscate £117m Properties Linked To Ex-convict And Former Delta Governor, Ibori


 

Kinnear said the London Metropolitan Police found that Ibori used the money he stole from Delta State to buy six houses in London.
The United Kingdom has moved to confiscate proceeds of loot in the £117m worth of properties linked to James Ibori, former governor of Delta State, as he appeared in court on Thursday via video link.

Ibori, who governed Delta from 1999 to 2007, had reportedly pleaded guilty at London’s Southwark Crown Court in 2012 to 10 counts of fraud and money-laundering, and thereafter, received a 13-year jail sentence.

 

Having served half of his sentence in pre and post-trial detention, he was released from jail in December 2016 and is now back in Nigeria.

According to London’s Metro newspaper, prosecuting counsel, Jonathan Kinnear, listed assets laundered by the former governor.

Kinnear said the London Metropolitan Police found that Ibori used the money he stole from Delta State to buy six houses in London.

He paid £2.2m in cash for one of those mansions in tony Hampstead.

He also bought a £13m jet, a £600,000 fleet of Range Rovers, and a £120,000 Bentley. See Also Corruption Ex-Convict James Ibori, Who Spent Years In UK Jail For Corruption And Looting, Rewarded In Nigeria As Patron Of ‘Former Governors Forum’

Ibori put his children in expensive British private schools while sharing the stolen funds with his wife, sister and mistress.

He also traveled all over the world, staying in the most expensive hotels and spending lavishly in luxury stores.

But Ivan Krolick representing Ibori, said his wealth was down to being a ‘successful businessman’.

In 2018, the Economic and Financial Crimes Commission said Ibori was fighting tooth and nail to stall the confiscation of those assets.

The anti-graft commission also accused him of employing media propaganda to paint himself as a victim of persecution. See Also Corruption United Kingdom Government Set To Return $9.6m Ibori Loot To Nigeria, Delta Authorities Allegedly Unaware Of Move.

 


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Posted Aug 29th, 2020

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