Jump to navigation

Vol 54 No 20

Published 4th October 2013


Ibori's loot at stake

Southwark Crown Court witnessed a bizarre sight in late September when the former Governor of Delta State, James Onanefe Ibori, argued that property he had already admitted owning was not really his. Ibori was sentenced to 13 years in gaol for money-laundering and fraud last year (AC Vol 53 No 9, Star-struck James Ibori). The confiscation hearings follow the pledge by Judge Anthony Pitts to trace and return Ibori’s ill-gotten gains to the people of Delta State. Ibori has admitted to controlling £50 mn. in assets but is contesting the Crown’s assertion that he has at least £89 m. at his disposal.

End of preview - This article contains approximately 391 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.