NIGERIAN’S ASSETS CONFISCATED A DECADE AFTER CONVICTION
July 21st, 2023
A Nigerian politician convicted of corruption over a decade ago has finally seen the GBP101.5 million (USD130 million) he laundered into the UK confiscated by Southwark Crown Court in London. The former governor of Nigeria’s oil-rich Delta state, James Ibori, had been convicted on 10 counts of money laundering and conspiracy to defraud the Nigerian state and its people in the UK during February 2012. Ibori had used a network of corporate structures to siphon money into the UK to fund high-end London properties, luxury cars, and elite private schooling for his ...
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