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Corruption: Ibori To Refund £117,000,000

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Former governor of Delta state, James Ibori has been told he may have to pay back £117 million he embezzled while serving as a governor.

Ibori who ruled from 1999 – 2007 was jailed for 13 years in 2012 but has still not returned a single money he embezzled.

He was released in December 2016 and is back in Nigeria, but is facing a proceeds of crime hearing at Southwark Crown Court

Report says he spent millions of luxury homes, a £12.6 million private jet, boarding school fees for his children, first class travel and exclusive hotels.

Prosecutor Jonathan Kinnear, QC said: ‘Within a very short time of being elected he came into possession of a huge sum of money, there is a great deal of documentary evidence that proves has a large amount of money.

‘There is no explanation of the source of the wealth that was not obtained corruptly.

‘His case now really involves going behind all these statements he made and saying the money was for other purposes.

‘This was the plundering of funds from that state using multiple people, solicitors and jurisdictions.’

Ibori’s wife Theresa, mistress Onuigbo and sister Christine Christine Ibori-Idie were jailed for five years each in 2012 for money laundering offences.

Former Goldman Sachs banker Ellias Preko was given a four-and-a-half year sentence in 2013 for laundering Ibori’s dirty cash. Preko, 60, was ordered to pay back £7.3m or face a decade more in prison last September.

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