DAY11.:

Money Laundering = Corruption naq,

Abi 'em dey craze niii

Money laundering refers to the process of concealing the source of illegally obtained money. The methods by which money may be laundered are varied and can range in sophistication. Many regulatory and governmental authorities quote estimates each year for the amount of money laundered, either worldwide or within their national economy.

Political corruption is the abuse of public power, office, or resources by elected government officials for personal gain, e.g. by extortion, soliciting or offering bribes[2] It can also take the form of office holders maintaining themselves in office by purchasing votes by enacting laws which use taxpayer money.[3] Systemic corruption, the complete subversion of a political or economic system. Governmental corruption of judiciary is broadly known in many transitional and developing countries because the budget is almost completely controlled by the executive. The latter undermines the separation of powers, as it creates a critical financial dependence of the judiciary. The proper national wealth distribution including the government spending on the judiciary is subject of the constitutional economics. It is important to distinguish between the two methods of corruption of the judiciary: the government (through budget planning and various privileges), and the private.

rolchi:

But he ran from 9ja to Dubai and fought extradition to UK and , he is not corrupt! Ogidigboigbo, wetin you dey talk sef! No talk too much put yourself for more trouble oh! You are dealing with British people oh, they understand the english language pass you sef! Shine your eyes,

Gbam!Well Said.
Who b mumu,money was stolen in Nigeria not UK,it was only laundered there.
How did this silly post make front page?
SEEEEUUUUUNNNNN!!!!!

wordychap:

this guy doesn,t only steal, he's sick upstairs as well. launder has to do w illegally acquired money. while in govt its obvious where d illegality was played except you would say u did drugs n sold human parts etc whichever, ibori should be too ashamed to talk for now, it only shows how unrepentant he is. i hope u burn ibori

wowo2:

Someone said he had money before  

The UK dailies report him as earning £5,000 a year while working in Wickes, a store selling home goods. A Monk cannot survive on that - not in the UK.

http://trends.com.ng/2012/02/looted-wealth-james-ibori/

erico2k2:

Thats evidence you dont realy know Ibori B4 he was Govt,in Nigeria today especialy in the SS area can a poor Man be a governor? bro just to add to what that person said He was a Billioneer B4 he was a Governor  and yes he did give that money to UPU we all know that nah who dem catch B thief full stop

Kobojunkie:

Excuse you? His last LEGIT employment record shows he worked as a store clerk. There are still no records of him actually running a legit business since then or making huge funds LEGALLY . . . that is what they are trying to tell you.

When I was last in the UK, I discussed this with people who knew him before he became governor and none of those who even drank with him had any information on him ever working at a legit org, talk less of running a successful business of any kind. The only record says he served as some consultant to the federal Government, during the IBB and Abacha regimes (according to his wiki page). Who come go believe that one?

If you have evidence of his being a billionaire before he became Governor, bring it or shut it please. Na so people go go from being nobodies to overnight Governors/ministers in Nigeria, simply by lying their way through the process when they get down there.

Are you also going to tell us that prior to being made a deputy Governor/Governor, Jonathan Goodluck was a billionaire? See were . . . chase were!!

erico2k2:

Ok well you are a typical example of why we cant have any kinda meaningfull argument when it comes to issues like telling me to SHUT IT,I blame you?

erico2k2:

telling me you visited Uk etc do U know when I started living here? You might still B in primary school then 4 all U know.  my post code says UB6 whis is ruislip so I know exactly where he worked.Nowwhere do you think he got 5000 000 000 that he gave to UPU B4 he became governor?

erico2k2:

No Ibori is half urhobo and itsekiri that gave him advantage to the Oil Biz down the Niger Delta.this made him an invaluable asset to the Likes of IBB when it comes to them doing their runnings.I dont need to go into details,We still blame him for going into politics He should have stayed out.I know his mates who stayed purly as Biz men they still run things.

Kobojunkie:

Actually, it makes sense to tell people like you, who simply like to BLINDLY support individuals to SHUT IT. Why? Because your kind continues to retain this country in the stone age, rather than push for movement to better future.

Excuse me? My telling you I visited the UK has absolutely nothing to do with this. I simply mentioned that because it actually did happen.

Now, the UK government, where you claim to have lived all this while tells you that Ibori, according to it's record worked as a store clerk, earning less than 10,000 pounds a year, while he lived in the UK. So, this man never made that money while he was in the UK. He went back to Nigeria after being charged for credit card fraud.

However, as soon as he hit Nigeria, wonders started happening. There is no evidence of how he supposedly rose in ranks to work as a Consultant for the Abacha regime, as claimed from many of the reports on him. 

Please provide us, infact the world, with evidence of Ibori actually running LEGIT oil deals, and making money in legit ways while he was in your urhobo land. Since you claim he became a billionaire selling oil and oil related whatever, you should have no problem providing this evidence. Better yet, providing Ibori himself with that evidence since the man does not seem to have any to offer and so had to plead guilty to the charges leveled against him in the UK.

The problem here is not that Ibori went into Politics, but that a man who claimed to be so rich has NO LEGAL proof of how he got his riches. He cannot provide LEGAL proof of the source of his wealth.

He was governor from 1999 to 2007, essentially 8 years, and in that time, on his $25,000 a year salary, the man was able to find and transfer over $250, million dollars to accounts in the UK. If he was rich and had proof for where the money came from( which according to you is his billions from before he became a governor) why didn't he present that as evidence? Why did he plead guilty to money laundering charges if they were false?

Abeg, use your head and get your tongue out of the arse of yet another theif.

erico2k2:

your case far I wont waste no time arguing with you from your statements you dont have a clue of what goes on down there by the way There is NO LEGIT DEALS

Kobojunkie:

I believe the major reason why there seems no evidence for a corruption case against him is because the Nigerian Government already found him not guilty when it comes to corruption charges. And since Nigeria says their is no evidence for corruption against him by their law, the UK cannot do anything about that.If you want someone to blame, blame the Nigerian Government for dropping all corruption charges against Ibori.  We should thank the UK government for at least nailing him on the one charge that, with the limited information available to them, can stick.

The truth is that Ibori has been a victim of media manipulation and international conspiracy aimed at scoring a sinister political goal. Now that the trial has started, and time for the EFCC and the London Police to prove their corruption charges against Ibori, the London Police dramatically dropped all corruption charges – for want of evidence.[size=14pt] With that alone, they vindicated Justice Marcel Awokulehin’s ruling at the Asaba Federal High court – that there was no iota of evidence to back the corruption charges EFCC had instituted against ibori in Nigeria[/size].

Kobojunkie:

Interesting . . . so now you are AFFIRMING the case that the man, who was convicted of credit-card fraud in the UK, was in fact a CRIMINAL who after moving back, to Nigeria, essentially stole his way into becoming a Governor.  He then went on to ILLEGALLY pinch money from the coffers of Delta state in a similar manner and so deserves to be jailed.

Interesting . . . aren't you ashamed?

Kobojunkie:

http://www.thetimesofnigeria.com/Article.aspx?id=3575

coogar:

that report is vastly inaccurate. . . .

it wouldn't worth the while of his prosecutors to pursue his corruption charges. he did not steal the money in the uk to start with, he laundered it here.
even if he was found guilty, his maximum sentence wouldn't be something of note.

if a man is found guilty on 2 counts and he gets sentenced, he would serve them concurrently in the united kindgom.
for instance, stealing - 8 months sentence, conspiracy to defraud(2 yrs sentence). the defendant would serve 2 yrs. the 8 months n 2 yrs would be served concurrently so in most cases, the lesser sentence gets dropped.

erico2k2:

PLus its costing the British Arm n legs tosort this case out,cleaning up after thier babies.

erico2k2:

lol U funny Die Shame 4 wetin? I thief abi I kill person?see as you dey say ILLEGALLY Pinch money as if thats now what Politics is all about in 9ja stay there, lookPoliticians will 4 ever steal in 9ja mayB 200 yrs from now it might change but at least when you steal do something for where you are stealing from end off if U like list the statement long.

The truth is that Ibori has been a victim of media manipulation and international conspiracy aimed at scoring a sinister political goal. Now that the trial has started, and time for the EFCC and the London Police to prove their corruption charges against Ibori, the London Police dramatically dropped all corruption charges – for want of evidence.[size=14pt] With that alone, they vindicated Justice Marcel Awokulehin’s ruling at the Asaba Federal High court – that there was no iota of evidence to back the corruption charges EFCC had instituted against ibori in Nigeria[/size].

“The truth is that Ibori has been a victim of media manipulation and international conspiracy aimed at scoring a sinister political goal. Now that the trial has started, and time for the EFCC and the London Police to prove their corruption charges against Ibori,[size=14pt] the London Police dramatically dropped all corruption charges for want of evidence.

With that alone, they vindicated Justice Marcel Awokulehin’s ruling at the Federal High Court, Asaba, that there was no iota of evidence to back the corruption charges EFCC had instituted against Ibori in Nigeria,” the statement added.[/size]