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Ibori Trial Update - Politics - Nairaland

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Ibori, Others To Complete Jail Terms In Nigeria / Justice Musdapher - UK Spent N3.6b On Ibori’s Trial / Governor Ibori, Wife, In $360M Oil Deal in London (2) (3) (4)

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Ibori Trial Update by monkeyleg: 12:50pm On Apr 19, 2011
Notorious state Robber and self styled Ogidigbogbo of Africa was brought before the westminster crown court on satruday, and formally charged.

In the formal charge include former Governor Victor Obong Attah of Akwa Ibom, David Edevbie, a former Principal Secretary to Umaru Yar'Adua, Love Ojakovo, a former commissioner of finance to Ibori and Henry Imashekka, a business associate of Ibori. These Nigerians are currently at large.

The Economic and Financial Crimes Commission put the value of what Mr. Ibori stole at $290 million, but a Wikileaks cable recently disclosed that Ibori admitted to having up to $3.4 billion.

http://www.saharareporters.com/news-page/london-money-laundering-trial-james-ibori-victor-attah-love-ojakovo-henry-imashekka-and-da
Re: Ibori Trial Update by monkeyleg: 12:52pm On Apr 19, 2011
Charges facing Ibori. The guy was nothing but a big Thief
SCHEDULE OF OFFENCES


CHARGE ONE

Statement of Offence.

Conspiracy to Defraud, Contrary to Common Law

Particulars of Offence.

James Onanefe Ibori between the 1st day of June 1999 and the 29th day of May 2007 conspired together with Christine Omatie Ibori-Ibie, Adebimpe Folayinmi Pogoson and Udoamaka Onuigbo (also known as Okoronkwo) and others to defraud the Delta State Government, Nigeria, by dishonestly, among other matters,

(i) being a party to an inflated price fraud in respect of the contract for the building of a sports track for the Delta State Government at the Oghara Stadium;

(ii) being a party to the provision of an inflated invoice fraud in respect of the supply of vehicles to the Delta State Government;

(iii) being a party to working for the private interests of Mr Onanefe Ibori whilst he was the Governor of Delta State whilst being paid by the Delta State Government.


CHARGE TWO

Statement of Offence.

Conspiracy to commit money laundering under section 93C(1) of the Criminal Justice Act 1988, contrary to section 1(1) of the Criminal Law Act 1977.

Particulars of Offence.

James Onanefe Ibori between the 1st day of May 1999 and the 24th day of March 2003 conspired together with, Christine Omatie Ibori-Ibie, Adebimpe Folayinmi Pogoson Udoamaka Onuigbo (also known as Okoronkwo) and others to

(i) conceal or disguise property which was, or in whole or in part, directly or indirectly, represented their proceeds of criminal conduct; or

(ii) convert or transfer that property or remove it from the jurisdiction,

for the purposes of avoiding prosecution for an offence to which Part Six of the Criminal Justice Act 1988 applies.


CHARGE THREE

Statement of Offence.

Money laundering, contrary to section 93C(1) of the Criminal Justice Act 1988.

Particulars of Offence.

James Onanefe Ibori between the 1st day of May 1999 and the 24th day of March 2003 together with Christine Omatie Ibori-Ibie, Adebimpe Folayinmi Pogoson, Udoamaka Onuigbo (also known as Okoronkwo) and others:

(i) concealed or disguised property which was, or in whole or in part, directly or indirectly, represented their proceeds of criminal conduct; or

(ii) converted or transferred that property or removed it from the jurisdiction;

for the purpose of avoiding prosecution for an offence to which Part Six of the Criminal Justice Act 1988 applies.


CHARGE FOUR

Statement of Offence.

Conspiracy to commit money laundering under section 327 of the Proceeds of Crime Act 2002, contrary to section 1(1) of the Criminal Law Act 1977.

Particulars of Offence.

James Onanefe Ibori) between the 23rd day of March 2003 and the 30th day of May 2007 conspired together with, Udoamaka Onuigbo (also known as Okoronkwo), Christine Omatie Ibori-Ibie, Adebimpe Folayinmi Pogoson and others to conceal, disguise, convert, transfer, or remove criminal property from the jurisdiction, knowing or suspecting that the property constituted his benefit from criminal conduct, or it represented such a benefit in whole or in part and whether directly or indirectly.


CHARGE FIVE

Statement of Offence.

Money laundering, contrary to section 327 of the Proceeds of Crime Act 2002.

Particulars of Offence.

James Onanefe Ibori between the 23rd day of March 2003 and the 30th day of May 2007 together with Udoamaka Onuigbo (also known as Okoronkwo), Christine Omatie Ibori-Ibie, Adebimpe Folayinmi Pogoson, and others, concealed, disguised, converted transferred, or removed criminal property from the jurisdiction knowing or suspecting that the property constituted his benefit from criminal conduct, or that it represented such a benefit in whole or in part, and whether directly or indirectly.



CHARGE SIX

Statement of Offence.

Money laundering, contrary to section 328 of the Proceeds of Crime Act 2002.

Particulars of Offence.

James Onanefe Ibori between the 23rd day of March 2003 and the 30th day of May 2007 together with Udoamaka Onuigbo (also known as Okoronkwo), Christine Omatie Ibori-Ibie, Adebimpe Folayinmi Pogoson, and others, entered into or became concerned in an arrangement, which he knew or suspected facilitated, by whatever means, the acquisition, retention, use or control of criminal property by or on behalf of himself, James Onanefe Ibori.


CHARGE SEVEN

Statement of Offence.

Money laundering, contrary to section 93C(1) of the Criminal Justice Act 1988.

Particulars of Offence.

James Onanefe Ibori between the 1st day of January 2001 and the 31st day of December 2001 together with Theresa Nkoyo Ibori and others concealed or disguised property, namely a quantity of cash which was the proceeds of criminal conduct, or in whole or in part, directly or indirectly, represented the proceeds of criminal conduct by means of converting or transferring that cash into real property known as 7 Westover Hill, Hampstead, NW3 7VH for the purpose of avoiding prosecution for an offence to which Part Six of the Criminal Justice Act 1988 applies.

CHARGE EIGHT

Statement of Offence.

Money laundering, contrary to section 327 of the Proceeds of Crime Act 2002.

Particulars of Offence

James Onanefe Ibori between the 23rd day of March 2003 and the 31st day of December 2004, together with Theresa Nkoyo Ibori, Udoamaka Onuigbo (also known as Okoronkwo) and others concealed and disguised criminal property namely a quantity of cash by converting it into real property, namely Flat 36, Hunter Lodge, Admiral’s Walk, Harrow, London W9 3TQ knowing or suspecting that the property constituted his benefit from criminal conduct, or that it represented such a benefit in whole or in part, and whether directly or indirectly.


CHARGE NINE

Statement of Offence.

Money laundering, contrary to section 328 of the Proceeds of Crime Act 2002.

Particulars of Offence

James Onanefe Ibori between the 1st day of April 2005 and the 28th day of February 2007, together with Theresa Nkoyo Ibori, Bhadresh Babulal Gohil and others, entered into or became involved in an arrangement, namely using a client account of Arlingtons Sharmas Solicitors as the personal bank account of James Onanefe Ibori and Theresa Ibori, which they knew or suspected facilitated (by whatever means) the acquisition, retention, use or control of criminal property.


CHARGE TEN.

Statement of Offence.

Money laundering, contrary to section 327 of the Proceeds of Crime Act 2002.

Particulars of Offence.

James Onanefe Ibori between the 1st day of April 2005 and the 28th day of February 2007, together with Theresa Nkoyo Ibori, Bhadresh Babulal Gohil and others, concealed, disguised, converted transferred, or removed criminal property from the jurisdiction by using a client account of Arlingtons Sharmas solicitors as the personal bank account of James and Theresa Ibori, knowing or suspecting that the property constituted his benefit from criminal conduct, or that it represented such a benefit in whole or in part, and whether directly or indirectly


CHARGE ELEVEN

Statement of Offence.

Money laundering, contrary to section 327 of the Proceeds of Crime Act 2002.

Particulars of Offence

James Onanefe Ibori between the 1st day of April 2005 and the 30th day of August 2005 together with Theresa Nkoyo Ibori, Udoamaka Onuigbo (also known as Okoronkwo), Bhadresh Babulal Gohil and others concealed and disguised criminal property namely a quantity of cash by converting it into real property, namely 42, Great Ground, Shaftesbury, Dorset SP7 8FF, knowing or suspecting that the property constituted his benefit from criminal conduct, or that it represented such a benefit in whole or in part, and whether directly or indirectly.



CHARGE TWELVE

Statement of Offence

MONEY LAUNDERING, contrary to section 328 of the Proceeds of Crime Act 2002.

Particulars of Offence

James Onanefe Ibori between the 1st day of April 2005 and the 1st day of December 2007, on an occasion other than in Charge 9, together with Bhadresh Babulal Gohil and others, entered into or became involved in an arrangement, namely an attempt to purchase a Challenger Jet aircraft from Bombadier Inc., which he knew or suspected facilitated (by whatever means) the acquisition, retention, use or control of criminal property by or on behalf of himself, James Onanefe Ibori.


CHARGE THIRTEEN

Statement of Offence

MONEY LAUNDERING, contrary to section 327 of the Proceeds of Crime Act 2002.

Particulars of Offence

James Onanefe Ibori between the 1st day of April 2005 and the 1st day of December 2007, on an occasion other than in Charge 10, together with Bhadresh Babulal Gohil and others, concealed, disguised, converted transferred, or removed criminal property from the jurisdiction in an attempt to purchase a Challenger Jet aircraft from Bombadier Inc., knowing or suspecting that the property constituted his benefit from criminal conduct, or that it represented such a benefit in whole or in part, and whether directly or indirectly.


CHARGE FOURTEEN

Statement of Offence

MONEY LAUNDERING, contrary to section 328 of the Proceeds of Crime Act 2002.

Particulars of Offence

James Onanefe Ibori between the 1st day of May 2003 and the 31st day of December 2005, on an occasion other than in Charge 6, together with Udoamaka Onuigbo (also known as Okoronkwo) and others, entered into or became involved in an arrangement, namely the management of corporate vehicles known as the Zircon Trust and Zeta Ltd, which he knew or suspected facilitated by whatever means the acquisition, retention, use or control of criminal property by or on behalf of himself, James Onanefe Ibori.


CHARGE FIFTEEN,

Statement of Offence

MONEY LAUNDERING, contrary to section 327 of the Proceeds of Crime Act 2002.

Particulars of Offence

James Onanefe Ibori between the 1st day of May 2003 and the 31st day of December 2005, on an occasion other than in Charge 5, together with Udoamaka Onuigbo (also known as Okoronkwo) and others, concealed, disguised, converted transferred, or removed criminal property from the jurisdiction through the use of corporate vehicles known as the Zircon Trust and Zeta Ltd, knowing or suspecting that the property constituted his benefit from criminal conduct, or that it represented such a benefit in whole or in part, and whether directly or indirectly.


CHARGE SIXTEEN

Statement of Offence.

Conspiracy to Defraud, Contrary to Common Law

Particulars of Offence.

James Onanefe Ibori between the 1st day of September 2005 and the 1st day of January 2007 conspired together and with Bhadresh Babulal Gohil, Lambertus De Boer, Daniel Benedict McCann, Victor Attah, David Edevbie, Love Ojakovo, Professor Akpan Ekpo and others to defraud states within the Federation of Nigeria, namely Delta State and Akwa Ibom State, of sums representing part of the sale price resulting from the sale of shares owned by the said states in Vee Networks (Nigeria) Limited (trading as V Mobile) to Celtel (Nigeria) BV, and held in the names of their respective authorised ministries or agencies the said sums being paid to a company named African Development Finance Limited or its predecessors under an Exclusive Arranger Agreement to a total invoiced value in excess of $37,000,000 United States.


CHARGE SEVENTEEN

Statement of Offence

Conspiracy to make false instruments contrary to section 1(1)(a) of the Criminal Law Act 1977.

Particulars of Offence

James Onanefe Ibori between the 1st day of September 2005 and the 1st day of July 2006 conspired together and with Bhadresh Babulal Gohil, Lambertus De Boer, Daniel Benedict McCann, Professor Akpan Ekpo, James Onanefe Ibori, David Edevbie, Love Ojakovo and others to make false instruments, namely letters and other documents which purported to be made on dates or otherwise in circumstances in which they were not made, in relation to alleged services provided by African Development Finance Limited or its predecessors in relation to the sale of shares by Delta State in Vee Networks (Nigeria) Limited (trading as V Mobile), with the intention that they or another should use the said letters and documents to induce somebody to accept them as genuine and by reason of so accepting to do, or not to do, some act to his own prejudice or that of any other person.


CHARGE EIGHTEEN

Statement of Offence.

Money laundering, contrary to section 328 of the Proceeds of Crime Act 2002.

Particulars of Offence

James Onanefe Ibori together with Bhadresh Babulal Gohil, Lambertus De Boer, Daniel Benedict McCann between the 15th day of April 2006 and the 9th day of September 2009 entered into or became concerned in an arrangement which they knew or suspected facilitated (by whatever means) the acquisition, retention, use or control of criminal property by or on behalf of another person or persons, namely the use of the company African Development Finance Limited or its predecessors as a front to receive and launder on behalf of another person sums paid to it under the terms of an Exclusive Arranger Agreement, up to an invoiced total in excess of $37,000,000 United States dollars, in relation to the sale of shares owned by Delta State and Akwa Ibom State in Vee Networks (Nigeria) Limited to Celtel (Nigeria) BV on or after the 15th April 2006.


CHARGE NINETEEN

Statement of Offence.

Money laundering, contrary to section 327 of the Proceeds of Crime Act 2002.

Particulars of Offence

James Onanefe Ibori, between the 15th day of April 2006 and the 9th day of September 2009, together with Bhadresh Babulal Gohil, Lambertus De Boer, Daniel Benedict McCann, Victor Attah, Henry Imasekha and others concealed, disguised, converted and transferred criminal property, using the company African Development Finance Limited or its predecessors as a front or vehicle, knowing or suspecting that that sum constituted the benefit from criminal conduct of himself and / or another person, or that it represented such benefit in whole or in part and whether directly or indirectly.


CHARGE TWENTY

Statement of Offence.

Money laundering, contrary to section 327 of the Proceeds of Crime Act 2002.

Particulars of Offence

James Onanefe Ibori on or about the 22nd day of June 2006 together with Bhadresh Babulal Gohil, Lambertus De Boer, Daniel Benedict McCann, Victor Attah, Henry Imasekha and others concealed, disguised, converted and transferred criminal property, namely the sum of $11,400,000 United States dollars being a purported loan from African Development Finance Limited or its predecessors to a company named Brookes Aviation Limited, they knowing or suspecting that that sum constituted the benefit from criminal conduct himself and / or another person, or that it represented such benefit in whole or in part and whether directly or indirectly.


CHARGE TWENTY-ONE

Statement of Offence.

Money laundering, contrary to section 327 of the Proceeds of Crime Act 2002.

Particulars of Offence

James Onanefe Ibori on or about the 19th day of September 2006 together with Bhadresh Babulal Gohil, Lambertus De Boer, Daniel Benedict McCann, Victor Attah, Henry Imasekha and others concealed, disguised, converted and transferred criminal property, namely the sum of $3,780,000 United States dollars being a purported loan from African Development Finance Limited to a company named FE Samuels, they knowing or suspecting that that sum constituted the benefit from criminal conduct of himself and / or another person, or that it represented such benefit in whole or in part and whether directly or indirectly.


CHARGE TWENTY-TWO

Statement of Offence.

Money laundering, contrary to section 327 of the Proceeds of Crime Act 2002.

Particulars of Offence

James Onanefe Ibori on or about the 18th day of December 2006 together with Bhadresh Babulal Gohil, Lambertus De Boer, Daniel Benedict McCann, Victor Attah, Henry Imasekha and others concealed, disguised, converted and transferred criminal property, namely the sum of $10,000,000 United States dollars being a purported loan from African Development Finance Limited to a company named Ascot Offshore (Nigeria) Limited, they knowing or suspecting that that sum constituted the benefit from criminal conduct of himself and / or another person, or that it represented such benefit in whole or in part and whether directly or indirectly.


CHARGE TWENY-THREE

Statement of Offence.

Money laundering, contrary to section 327 of the Proceeds of Crime Act 2002.

Particulars of Offence

James Onanefe Ibori on or about the 4th day of January 2007 together with Bhadresh Babulal Gohil, Lambertus De Boer, Daniel Benedict McCann, Victor Attah, Henry Imasekha and others concealed, disguised, converted and transferred criminal property, namely the sum of $790,000 United States dollars being a purported loan from African Development Finance Limited to a company named Clanbrassil Nominees Limited, they knowing or suspecting that that sum constituted the benefit from criminal conduct of himself and / or another person, or that it represented such benefit in whole or in part and whether directly or indirectly.


CHARGE TWENTY-FOUR

Statement of Offence.

Attempting to commit money laundering, contrary to section 1(1) of the Criminal Attempts Act 1981

Particulars of Offence

James Onanefe Ibori between the 15th April 2006 and the 9th September 2009 together with Bhadresh Babulal Gohil, Lambertus De Boer, Daniel Benedict McCann and others attempted to conceal, disguise, convert, transfer or remove criminal property by means of the sale of the assets of the company African Development Finance Limited or its predecessors to another company vehicle, on terms which would represent a gross undervaluation of those assets to a legitimate company.


CHARGE TWENTY-FIVE

Statement of offence.

Obtaining a property transfer by deception, contrary to section 15A of the Theft Act 1968.

Particulars of offence.

James Onanefe Ibori, on or about the 4th day of February 1999 dishonestly obtained for himself or another a money transfer from SunBank Mortgages PLC in the sum of £157,500 being a loan by way of mortgage in respect of the property known as Flat 23, 20 Abbey Road, St John’s Wood, London NW8 by deception, namely by making false representations, among others, that:

(i) His date of birth was 4 August 1958;

(ii) He was self employed at Diat Newspapers, 61, Queen Street, Jabo, Yaba, Lagos Nigeria, established there for 10 years;

(iii) He had not had any County Court judgments entered against him; and

(iv) He had not failed to keep up with payments on mortgages, rent or loan agreements.
Re: Ibori Trial Update by Sagamite(m): 1:33pm On Apr 19, 2011
Here is a pix of Love Ojakovo.



I am sure the animal (who is hiding at the moment) is a criminal.

I recall my much older cousin, who's husband knows the guy, was telling me how she and her family were picked up by a motorcade of very, very expensive jeeps and taken to one of his luxury apartments at VI where they spent their holiday in Nigeria.

I asked her who the guy was, and she told me it was the Commissioner of Finance for Delta State and it was just ridiculous the opulence he lived in as it was clear he was looting in millions. She couldn't believe a mere Commisioner could have so much money.
Re: Ibori Trial Update by sochan: 1:39pm On Apr 19, 2011
Are u telling me. I remember people pointing out Ibori's numerous houses in VI. That Love guy is a real thief
Re: Ibori Trial Update by jaybee3(m): 1:42pm On Apr 19, 2011
Chei c rap sheet
Ibori don enter yawan
His asssss gonna be roasted
Re: Ibori Trial Update by Sagamite(m): 1:45pm On Apr 19, 2011
Here are pixs of the other criminal Cretins:

Obong Victor Attah




David Edevbie
[img]http://4.bp..com/_dYiGvTdvnu0/SdUMlb_Hq7I/AAAAAAAAAvI/G5o2ezRc8ww/s400/1e+edbvie.JPG[/img]
Re: Ibori Trial Update by sochan: 1:46pm On Apr 19, 2011
Those guys have no conscience. the money meant for all , they loot for thier personal enjoyment. This is bad. Uduaghan must join them
Re: Ibori Trial Update by sochan: 1:47pm On Apr 19, 2011
oh na David be that? wrong move, im be like correct guy before, but he is just a plain Robber. They are finished.
Re: Ibori Trial Update by Gbawe: 1:48pm On Apr 19, 2011
kai !!!!! Odidigborigbo of Africa , abeg don't drop the soap in the Prison shower OOOOO !!! Those boys in the UK prison system will certainly be eyeing the fat azzz you have gained from looting your State like a thief on steroids  grin grin grin
Re: Ibori Trial Update by Sagamite(m): 1:49pm On Apr 19, 2011
sochan:

Those guys have no conscience. the money meant for all , they loot for thier personal enjoyment. This is bad. Uduaghan must join them

Thank God they were arrested in UK.

We know GEJ and Ashewo of EFCC will never have taken this seriously.

Uduaghan would be free for 4 years since we have GEJ in power. Lets hope it is not too late to charge him after 2015.
Re: Ibori Trial Update by Blazay(m): 1:50pm On Apr 19, 2011
This Ibori must be Jesus Christ I swai!
The second coming is hand.

Crucify him!
Crucify him!

Ibori my good man. . . hang in there.
Just do the time, and come out.
Edevbie and co are keeping the rest of the loot for you. kiss
Re: Ibori Trial Update by apoti(m): 1:52pm On Apr 19, 2011
Guess what? they are all pdp members  undecided

Expect more in the next four years   wink

A'loota' continua  cheesy
Re: Ibori Trial Update by sochan: 1:53pm On Apr 19, 2011
Ibori is finished. i will definitely be attending his trial. it will be public gallery so we can see his disgrace in full. Big thief
Re: Ibori Trial Update by Sagamite(m): 1:54pm On Apr 19, 2011
Most likely, Uduaghan would organise more street "armed robbery" to fund the best lawyers in UK for Ibori.

https://www.nairaland.com/nigeria/topic-547756.0.html#msg7108547

Don't be surprised when you hear that another Delta State official was robbed at gun point whilst strolling and dragging a suitcase of N500m naira on the streets of Asaba to the Government office.
Re: Ibori Trial Update by Gbawe: 1:55pm On Apr 19, 2011
sochan:

oh na David be that? wrong move, im be like correct guy before, but he is just a plain Robber. They are finished.

He is a common crook . Despite being wanted abroad he was made Private secretary to Yar Adua courtesy of ibori's clout . He was the one who allegedly obtained Yar Adua 'signature' for the budget when we all now know that to be a forgery because of how Yardy was comatose when he was alleged to have put pen to paper . The guy is despicable . he is a classic example of the 'tool' in the hands of wicked men that contribute to the ra.pe and regression of Nigeria.
Re: Ibori Trial Update by sochan: 1:56pm On Apr 19, 2011
@Sagamite,

Uduaghna will not win this election oh. I hear he is so frightened of what will happen come Saturday. He will be kicked out
Re: Ibori Trial Update by Gbawe: 1:57pm On Apr 19, 2011
sochan:

@Sagamite,

Uduaghna will not win this election oh. I hear he is so frightened of what will happen come Saturday. He will be kicked out

I sincerely hope so .
Re: Ibori Trial Update by Sagamite(m): 1:58pm On Apr 19, 2011
sochan:

@Sagamite,

Uduaghna will not win this election oh. I hear he is so frightened of what will happen come Saturday. He will be kicked out

Is there election in Delta on Saturday?
Re: Ibori Trial Update by Gbawe: 2:08pm On Apr 19, 2011
Sagamite:

Is there election in Delta on Saturday?

As far as I know , yes. Uduaghan lost his bid for tenure elongation.

http://allafrica.com/stories/201103160530.html


Nigeria: Uduaghan Loses Tenure Elongation Bid - Ogboru, Omo-Agege Hail Judgement

Felix Igbekoyi

15 March 2011


Asaba — Emmanuel Uduaghan's bid to extend his tenure as Delta State Governor till 2015 based on his victory in the rerun vote on January 6 was struck down in court on Tuesday.

He was first elected in April 2007.

Justice Ibrahim Buba of the Federal High Court, Asaba ruled that Uduaghan cannot stay in office beyond May 29 this year - unless he wins a second term through the ballot box.

Uduaghan had asked the court to determine whether his tenure would terminate in 2015 because he took a new oath of office on January 10, 2011 after winning the rerun, following the nullification on November 9 last year of his initial election in 2007.

But Buba held that he is not entitled to a four-year term and dismissed the case.

He agreed with the submission of the Independent National Electoral Commission (INEC) that the Constitution did not contemplate a situation where a Governor will serve for seven years in office in the place of four years.

The Judge said the mandate of a Governor is with the electorate and "does not lay in the court under a thin disguise of judicial interpretation on cases that are not inconsonance with this case."
Re: Ibori Trial Update by sochan: 2:10pm On Apr 19, 2011
My goodness, Gbawe, I didnt know that much about him. hmm wonders will never end.

The guy is a born Crook
Re: Ibori Trial Update by Sagamite(m): 2:14pm On Apr 19, 2011
The same company used by these crooks to loot that Ashewo of EFCC, Waziri, gave clean bill of health was the one the founder was jailed in UK for 10 years for.

http://www.thenigerianvoice.com/nvnews/30296/1/efcc-grills-attah-for-7-hours-over-300m-v-mobile-s.html
He said Akwa Ibom Investment and Industrial Promotion Council (AKIIPOC) handled the V-mobile share deal on behalf of the state government and that the former Governor was not involved at all.

Speaking further, Ozekhome stated that the EFCC has since given a clean bill of health to African Development Funds Incorporated (ADFI) who brokered the sale on behalf of the parties and has not found them wanting since the investigation commenced two years ago.

He said the anti-graft agency had ordered that the 5 % commission due to ADFI be given to them accordingly hence the account which was formerly frozen was de-frozen to enable the firm collect their brokerage.


http://www.saharareporters.com/news-page/v-mobile-37million-shares-fraud-bhadresh-gohil-ibori%E2%80%99s-uk-lawyer-sentenced-7-years-prison
Gohil was recruited and it was he who masterminded a simple scheme and set up a fake company as a consultancy called ADF (Africa Development Finance) which would charge exorbitant fees ( five to six times of that charged by top UK solicitors, for their alleged service and to arrange the sale.  Gohil created a pretence that it was necessary for the Delta State and Akwa Ibom state to consult another company-ADF and charged $19 million and $18m respectively and sent to Access bank in Nigeria.    

The basis of the fee would be a 5% flat commission and 25% -30% success fee for any price achieved over $6.5 per share.  This even though the market was already established at between $6.45-$8.05 per share.   The prosecutor Sasha Wass said “it is like betting after a race is concluded”.  The fees were not legitimate or necessary but merely a mechanism to divert money to James Ibori and Victor Attah.   It was always intended that no work would be undertaken but money diverted.   Mr. Gohil from his luxury offices in St James in London, created a false paper trail by his own efforts and by instructing his junior trainees.  A false agreement was typed up and Gohil forged  the  necessary signatures.    

Once funds were received at the Access bank in Nigeria various company vehicles were used to launder the cash including Brookes Aviation, E F Samuels, Ascot Offshore Nigeria Ltd, Esconet and Cran Brasil Nominees Ltd.   Both De Boer and McCann were FSA approved and were recruited by Gohil to play a part.

Ashewo of EFCC has been settled or instructed from above.
Re: Ibori Trial Update by sochan: 2:26pm On Apr 19, 2011
The woman is beyind useless, I wonder why she is still in that position. In the midst of a field full of thieves she cannot even catch one. I hope Goodluck will get rid of her
Re: Ibori Trial Update by Sagamite(m): 2:38pm On Apr 19, 2011
I don't think Goodluck will get rid of her.

Goodluck is useless.
Re: Ibori Trial Update by Nobody: 2:39pm On Apr 19, 2011
Ibori is a criminal nothing less. Im glad he was charged in the uk cos if it were to be in naija the case would have been politicised but i hope he gets at least 1year jail per charge. 25 YEARS ONLY! His cohorts can not run forever, they'l definitely pay for their greed. Barawos!
Re: Ibori Trial Update by Bawss1(m): 2:47pm On Apr 19, 2011
If Ibori is successfully convicted in the UK it will be an epic ending for this long playing drama. He must know that his game is up by now.
Re: Ibori Trial Update by monkeyleg: 4:32pm On Apr 19, 2011
Yes oh, elections will happen in Delta state. Infact my boys in uduaghan camp have been telling me how nervous the Shiet is. He knows the game is up , he is next on the jail list. Ighoyota Amori is another one to be caught, he lost recently and will be pciked up soon. Bloody thieves them lot
Re: Ibori Trial Update by Nobody: 4:57pm On Apr 19, 2011
sochan:

Ibori is finished. i will definitely be attending his trial. it will be public gallery so we can see his disgrace in full. Big thief

Please do so, I really want to see him in court, the local media seem to be scared of carrying the story. Its a very pitiable situation.
monkeyleg:

Yes oh, elections will happen in Delta state. Infact my boys in uduaghan camp have been telling me how nervous the Shiet is. He knows the game is up , he is next on the jail list. Ighoyota Amori is another one to be caught, he lost recently and will be pciked up soon. Bloody thieves them lot
I thought there will be judgement this week for the thief to be sent packing. If there is election, it means Uduaghan is going no where. He's rigged himself in before and he will do so again. I really don't see anything changing.

These days I even wonder if they keep good money for themselves after bribing Judges and every other person that has a conscience for sale.

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