Breaking News: Ibori pleads guilty to money laundering charges

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at 27-02-2012 01:50PM (8 years ago)

(3853 | Gistmaniac) (m)

    Former governor of Delta State, Chief James Ibori, on Monday pleaded guilty to fraud and money laundering charges at a Southwark Crown Court in London.
An online medium, saharareporters, says Ibori pleaded guilty to 10 counts of fraud, money laundering and corruption before Judge Anthony Pitts.

Ibori’s guilty plea has closed a chapter to a long judicial and political saga pertaining to his massive money laundering activities in his eight years as governor of one of Nigeria’s major oil-producing states.
The former governor faces up to 10 years in a UK prison during sentencing, which will take place after the completion of the trial of his accomplice and financial advisor, Ghanaian-born Elias Preko.
Today, the judge ordered that the remaining charges would remain on file.
In a short submission, Crown Prosecution Service lawyer, Sasha Wass, QC, said the prosecution does not seek to go ahead with Ibori’s trial anymore, saying, ” Mr. Ibori has accepted the entirety of the prosecution’s case as it has always been set out.”
More details later.

Idbabe at 27-02-2012 01:59PM (8 years ago)
(7861 | Hero) (f)

So when is he returning all the money.  We need the money in that State to put things in place ASAP.  Not just to plead guilty, what next? mtcheeeeeeeeeeeeeee
Bachelorette at 27-02-2012 02:05PM (8 years ago)
(3853 | Gistmaniac) (m)

Quote from: Idbabe on 27-02-2012 01:59PM
So when is he returning all the money.  We need the money in that State to put things in place ASAP.  Not just to plead guilty, what next? mtcheeeeeeeeeeeeeee

to be sentenced to at most ten years, and that's all. Law and order!

Bachelorette at 27-02-2012 02:12PM (8 years ago)
(3853 | Gistmaniac) (m)

    James Ibori, a former governor of one of Nigeria's oil-producing states, has pleaded guilty in a UK court to 10 counts of money-laundering and conspiracy to defraud.

British police accuse him of stealing £250m ($400m) over eight years.

Mr Ibori, once seen as one of Nigeria's wealthiest and most influential politicians, was arrested in 2007.

He was then freed, before being re-arrested in Dubai on a British warrant in 2010 and then extradited.

In 2007, a UK court froze assets allegedly belonging to him worth $35m.

His annual salary as Delta state governor was less than $25,000.

proly at 27-02-2012 03:00PM (8 years ago)
(15534 | Hero) (f)

CHUKAGLY at 27-02-2012 03:11PM (8 years ago)
(501 | Upcoming) (m)

Chei! Finally dis man don agree say him be thief..... Hmmmmmmon

Eyanyi at 27-02-2012 03:11PM (8 years ago)
(410 | Upcoming) (m)

We know he is guilty as charge so give him his maximum punishment
amric at 27-02-2012 03:11PM (8 years ago)
(420 | Upcoming) (f)

British police accused him of stealing about N60 bn (£250m or $400m) over eight years. N60 bn? na wa oooh

ajanni at 27-02-2012 03:23PM (8 years ago)
(95400 | Grande Master) (m)

chei ---- i pity this guy ooooooo
onlyGodknows at 27-02-2012 03:31PM (8 years ago)
(891 | Upcoming) (m)

Finally he has said what even the rats have always known. Now let the process for his prosecution begin. More of the Nigerian thieves in the government please, if our judiciary system is so weak to handle them, they  will one day fall into stronger hands cos they have not put anything on the ground here that would help them resist the temptation of traveling to where things are working.
kelvin500 at 27-02-2012 03:32PM (8 years ago)
(752 | Upcoming) (m)

minus one,um....hw many more to go???
kris9ice2u at 27-02-2012 03:35PM (8 years ago)
(38 | Newbie) (m)

God abeg we need more governors like donald duke,rochas.... fashola self try too.... God na beg i dey beg all the likes of ibori,alameisah they are all vampires the kind money wey this people dey loot dey make me  :'(
wukari at 27-02-2012 03:40PM (8 years ago)
(203 | Upcoming) (m)

what of his cases in naija?
Bachelorette at 27-02-2012 03:43PM (8 years ago)
(3853 | Gistmaniac) (m)

 Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes

Simon-Zeletus at 27-02-2012 03:49PM (8 years ago)
(1072 | Gistmaniac) (m)

When are we retrieving all the money back mr London court
deboalabi262 at 27-02-2012 03:50PM (8 years ago)
(13162 | Hero) (m)

All of them are thieves including GEJ and his co kabals. They should all confess ASAP before the forthcoming revolution catches on them. Animals in politics.....hissssssss

rayOFsunshine at 27-02-2012 03:54PM (8 years ago)
(970 | Upcoming) (f)

aha, when did he realise that?
I thought he said he was not guilty all this time?
moralemike07 at 27-02-2012 04:05PM (8 years ago)
(3859 | Gistmaniac) (m)

HOPEA23 at 27-02-2012 04:06PM (8 years ago)
(22359 | Addicted Hero) (f)

good  for him

EMMYBOSS at 27-02-2012 04:12PM (8 years ago)
(1247 | Gistmaniac) (m)

we know
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