$129m Fraud: James Ibori Risk Another Jail Term For 10 Years

Post created on 11:26 am

In trying to re-strategise and get into the political system after spending some time in jail, the Former governor is Delta State, James Ibori has been threatened with a fresh ten years jail term over money he was to make remittance for.

According to Reuters on Thursday, a court in London received an order from a state prosecutor to confiscate $129 million from the former governor.

Recall that in 2011, Ibori was extradited to the UK from Dubai on charges of money laundering and he pleaded guilty in 2012 and sentenced to 13 years in prison.

However, after an argument about the computation of one of the biggest loot by a politician from Nigeria, the judge is expected to issue the final order on Friday or shortly afterwards.

According to Jonathan Kinnear, the prosecution counsel, the total amount that should be confiscated from Ibori was £101.5 million.

However, Ibori on his Facebook page on Thursday said he would appeal whatever judgement was given to him.

“Finally, the shenanigans in the Southwark Crown Court are drawing to a close. Judge Tomlinson is due to make a confiscation order which should be both realizable and not punitive,” Ibori said on his Facebook page.

“However, after what transpired in court today my hopes are rapidly fading for any degree of fairness.

“In the 2 years it has taken to write this judgement it seems apparent that he has forgotten many of the salient points and is prioritising expediency over justice.

“The next step will be to take my fight for justice to the highest courts in the UK.”

[SA]