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‘ibori Does Not Own Any Shares In Notore’ - Nairaland / General - Nairaland

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‘ibori Does Not Own Any Shares In Notore’ by moyems(m): 7:28am On Sep 20, 2013
Notore Chemical Industries Limited yesterday stated that the jailed former governor of Delta State, Mr James Ibori, does not and has never owned or controlled shares in the company.

A statement released yesterday by the fertilizer company stressed that it had worked extremely hard to become a major player in the global fertilizer market, relying on strict ethical principles.

According to Notore, “the ongoing confiscation proceedings are solely between the United Kingdom (UK) court and Mr. James Ibori.”

The fertilizer giant based in Onne, River State added that “Notore is not a party to the UK court proceedings because English law does not allow Notore to defend itself in them.”

The firm stressed that Mr James Ibori does not have 'hidden assets' in Notore. He has never owned nor controlled shares in the company, and, so far as the company is aware, no other shareholder or shareholders hold shares for him in trust.
“Notore remains proud of the central role it is playing in the revolution of African agriculture and Africa’s economic empowerment and is committed to the Federal Government’s Agricultural Transformation Agenda and to the objective of making the country self-reliant in food production .”

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