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UK To Return Ibori's Loot To Delta by Whizkay(m): 8:05am On Apr 18, 2012 |
AFTER years of running, the long hands of justice caught up with the former governor of Delta State, James Onanefe Ibori, on Tuesday. The Southwark Crown Court in London United Kingdom sentenced Ibori to 13 years’ imprisonment for fraud and corruption offences. Our correspondent reports that Ibori may only spend about five years in prison because he has been in custody for two years and will be eligible for parole in about four years.He will likely serve his term in Wandsworth, Prison. Wandsworth is the largest prison in the UK, currently able to hold 1,665 prisoners. It is also where Ibori was held while undergoing trial. His jailed lawyer, Bhadresh Gohil, is also serving his term in Wandsworth Prison. After the sentencing, British judicial and security officials said they would soon commence confiscation proceedings to ensure that his stolen assets reverted to Delta State. THE PUNCH learnt that the Crown Prosecution Service would soon launch a bid to seize Ibori’s stolen assets and return them to Delta State. An official of the CPS told journalists that the service would bid to confiscate the assets Ibori had stolen and return them to the state.One of the investigators, Detective Inspector Paul Whitmore, said it was estimated that Ibori stole around $250m from Delta State. “The sum can only be described as huge. Vast sums of money which were used to fund his lavish lifestyle. The real harm in this case is the potential loss to people in some of the poorest regions in the world,” he said. Whitmore said a confiscation proceeding would be launched to ensure that as much of the money as possible was returned to the state government.Some of the assets that might be confiscated are a house in Hampstead, North London, worth £2.2m; a property in Shaftesbury, Dorset, worth £311,000; a £3.2m mansion in Sandton, near Johannesburg, South Africa; a fleet of armoured Range Rovers valued at £600,000; a £120,000 Bentley; and a Mercedes Maybach worth 407,000 Euros |
Re: UK To Return Ibori's Loot To Delta by kunlekunle: 9:56am On Apr 18, 2012 |
the deltans are better off initiating a project in conjunction with a british firm that will assist it and request that the money should be used to fund it. if not, that money will be back in europe |
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