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A London court is set to rule on the confiscation charge of about £100 million loot allegedly linked to James Ibori, former governor of Delta state. At the court hearing on Thursday, the prosecutor asked the court to confiscate £101.5 million traced to Ibori., Jonathan Kinner, the lead prosecution counsel, said the court should seize the money, adding that if the former governor failed to pay up, he should be jailed.
The international news agency reported that the prosecution and defence counsels raised arguments on how the confiscation figure should be calculated.David Tomlinson, a judge at Southwark Crown Court, had made “factual findings” regarding the funds and is expected to formally issue his order on Friday or shortly afterwards.
The judge’s verdict will put an end to over 10 years of legal disputes regarding the attempt to confiscate the funds.In 2012, a UK court sentenced him to prison for 13 years after convicting him of fraud and money laundering.Over the years, British prosecutors have made several attempts to confiscate Ibori’s assets alleged to be proceeds of crime.
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