Ibori had earlier been convicted for fraud in the United Kingdom and the ex-governor spent years in prison in Britain.
Ibori was extradited in 2011 from Dubai to London, where he was charged with laundering a “corruptly acquired fortune”. He pleaded guilty in 2012 to 10 counts of fraud and money laundering and received a 13-year jail sentence, an outcome hailed by Britain as a landmark in the struggle against corruption.
With its highly developed financial and legal services and lucrative property market, Britain is a global money-laundering hub, but it is rare for the foreign kleptocrats it attracts to be prosecuted and Ibori’s case remains an outlier. After more than a decade of legal wrangling and court delays, attempts by prosecutors to confiscate funds considered to be the benefits of Ibori’s fraudulent activities now appear close to conclusion.At a hearing on Thursday, both sides made competing arguments about how the confiscation figure should be calculated, taking into account the judge’s findings.Lead prosecution counsel, Jonathan Kinnear, told the court that the total amount that should be confiscated from Ibori was 101.
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Source: GuardianNigeria - 🏆 1. / 94 Read more »