JUST IN: United Kingdom Moves To Confiscate £117 Million Properties Linked To Ibori
chuks oti
Aug 28, 2020
United Kingdom Moves To Confiscate £117m Properties Linked To Former Delta Governor, Ibori
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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.
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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.
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According to London's Metro newspaper, prosecuting counsel, Jonathan Kinnear, listed assets laundered by the former governor.
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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.
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Ibori put his children in expensive British private schools while sharing the stolen funds with his wife, sister and mistress.
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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'.
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In 2018, the Economic and Financial Crimes Commission said Ibori was fighting tooth and nail to stall the confiscation of those assets.
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The anti-graft commission also accused him of employing media propaganda to paint himself as a victim of persecution.
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