Saturday, 22 July 2023 04:41

London court orders confiscation of $130m from ex-gov Ibori

Rate this item
(0 votes)

Britain will seek to confiscate 101.5 million pounds ($130 million) from James Ibori, a former Nigerian state governor who abused his office to get rich and laundered millions in Britain and elsewhere, under a court order issued in London on Friday.

Ibori, who is in Nigeria, said he would appeal against the confiscation order, one of the largest imposed on an individual in recent British legal history.

"The next steps will be to take my fight for justice to the highest courts in the UK," he said in a statement.

Ibori was governor of oil-producing Delta State from 1999 to 2007 and was extradited from Dubai to Britain in 2011. He pleaded guilty in 2012 to 10 counts of fraud and money-laundering and received a 13-year jail sentence of which he served half, as is standard.

The case was hailed as a landmark in the fight against corruption in Britain, a global money-laundering hub, and in Nigeria, where self-enrichment by the ruling elite has been one of the main factors holding back development for decades.

David Tomlinson, delivering the confiscation order at Southwark Crown Court, said Ibori should pay the sum immediately or face an eight-year jail sentence.

Spokespersons for Nigerian President Bola Tinubu did not immediately respond to requests for comment on whether the Nigerian government would cooperate with the British authorities in enforcing the confiscation order.

Ibori remains well-connected in Nigeria. Tinubu, who took office in May, has hosted him twice at the presidential villa, along with other former governors. Ibori frequently mingles with the ruling elite, and has influence on Delta State politics.

The confiscation process took over a decade after Ibori's conviction because of lengthy court delays and legal wrangling in London.

"The long and tortuous road to reach this point shows just how tough it is to recover the proceeds of corruption in the UK," said Helen Taylor, Senior Legal Researcher at campaign group Spotlight on Corruption.

"To ensure justice delayed doesn’t mean justice denied for the Nigerian people, it’s essential that the UK now makes every effort to ensure the speedy return of this stolen loot to benefit the victims of Ibori’s corruption in Delta State," she said.

Britain has pledged to return any funds recovered from Ibori to Nigeria. In 2021, it returned 4.2 million pounds that had been confiscated from Ibori's ex-wife and his sister, who also served jail time for helping him.

($1 = 0.7788 pounds)

 

Reuters

September 16, 2024

I started my business with $1,000; now worth billions, serves over 163m people. These 7…

Key Takeaways Dream big and don't try to please everyone. You can chart your own…
September 16, 2024

Trump survives another assassination attempt, suspect arrested

Republican presidential candidate Donald Trump was safe on Sunday after the Secret Service foiled what…
September 14, 2024

Ancient wall carvings suggest women used 'modern' accessory 12,000 years ago

Researchers have discovered ancient wall carvings depicting what appeared to be handbags designed with a…
September 15, 2024

Former RAF engineer, 86, and his nurse wife, 80, to use suicide pod. This is…

Peter and Christine Scott, who have been married for 46 years, made the decision after…
September 16, 2024

Nearly 300 prisoners escape Maiduguri prison after floods

Devastating floods collapsed walls at a jail in Maiduguri in northeastern Nigeria early last week,…
September 16, 2024

Here’s the latest as Israel-Hamas war enters Day 346

Houthi missile reaches central Israel for first time Prime Minister Benjamin Netanyahu said Israel would…
August 28, 2024

New study says China uses 80% artificial sand. Here’s why that’s a big deal

The world is running out of sand. About 50 billion tons of sand and gravel…
August 31, 2024

3 days after NFF’s announcement, Labbadia rejects offer to coach Super Eagles

Bruno Labbadia has rejected his appointment as the new head coach of Super Eagles of…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Prof Wale Are Olaitan: Editorial Consultant; Femi Kawonise: Head, Production & Administration; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2024 NewsScroll. All rights reserved.