London Court set to confiscate Ibori's assets

Date: 09-09-2012 7:39 pm (12 years ago) | Author: Paddy Hayes
- at 9-09-2012 07:39 PM (12 years ago)
(m)
Five months into his five-year jail term  in the United Kingdom, James Ibori, the former Delta State Governor, will on Monday, return to the Southwark Crown Court at 10 a.m. Ibori will appear in Courtroom 5 for the confiscation of assets hearing at the South East Court as the Crown Prosecution Service (CPS) and his defence team finalise

 arrangement to confiscate his £50 million assets for which he received a sentence at the same court in April.
 
Two sources at the Crown Court confirmed that the former governor would be present for the hearing.
 
“It’s in Court 5, at 10 a.m. and he’ll be coming,” one of the sources said when asked if Ibori would be there with his legal team.
 
Ibori had earlier requested to be present in court in May when the confiscation hearing was listed for mention, but the Judge, who jailed him, declined, saying it wasn’t necessary.
 
And on who would be on Ibori’s defence team when State prosecutors make their case to strip him of his ill-gotten wealth on on Monday, another female court staff said, “we don’t know who’s representing him, but the prosecutor is the CPS.”
 
Judge Anthony Pitts jailed Ibori for 13 years in April, after his defence team reached out to the CPS with a guilty plea bargain some weeks before trial was scheduled to begin.
 
For not wasting court time and British taxpayers’ money, Pitts had, in jailing him, said: “Total sentence which I impose on you is 13 years. You are to serve half (six and a half years) of that. The 625 days (one year and 260 days), which you have spent in custody are to be credited to the amount of years to serve.”
 
Although Ibori is to serve less than five years, tomorrow’s court appearance and hearing will determine whether he will be freed in a little over four years or be held for a longer period.
 
Everything depends on him and his defence team. If they make the prosecutor’s job easy on Monday by readily giving all necessary information to get the stolen wealth confiscated, Ibori will be deported to Nigeria around Christmas of 2016. However, if he fails to co-operate, he will not be released until the CPS “gets every penny,” one detective said.
 
James Ibori, former governor of Delta state, admitted 10 counts of conspiracy to defraud and money laundering.
 
Southwark Crown Court was told the amount he stole from the people of Delta state was "unquantified". Ibori, who evaded capture in Nigeria after a mob of supporters attacked police, was arrested in Dubai in 2010. He was extradited to the UK, where he was prosecuted based on evidence from the Metropolitan Police.
 
One of the counts Ibori admitted related to a $37m (£23m) fraud pertaining to the sale of Delta State's share in Nigerian privatised phone company company V Mobile.
 
He was governor of Delta State between May 1999 and May 2007.

http://elombah.com/index.php/write-for-us/12498-london-court-set-to-confiscate-ibori-s-assets


Posted: at 9-09-2012 07:39 PM (12 years ago) | Gistmaniac
- winace at 9-09-2012 08:03 PM (12 years ago)
(f)
Hmmmmm no be only ibori be thief o. If u check some of our leaders, u go fear na.
Posted: at 9-09-2012 08:03 PM (12 years ago) | Addicted Hero
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