Topic: UK to return £6.8 million of James Ibori loot to Nigeria  (Read 1881 times)

0 Members and 1 Guest are viewing this topic.

UK to return £6.8 million of James Ibori loot to Nigeria
« on: November 05, 2014, 12:19:23 PM »
The UK government is to return  an additional 6.8 million pounds of the  confiscated loot of former Delta Governor, James Ibori, to Nigeria.

Mr Rupert Broad, UK Metropolitan Police Senior Investigator, disclosed this in London on Tuesday at a meeting on “Supporting Policing in Nigeria: What Role for Police in the Nigerian Diaspora” held in the House of Commons.

While speaking  on UK and Nigeria’s anti-corruption partnership, Broad said “out of the eight million pounds  confiscated from Ibori, 1.2 million pounds had so far been retuned to Nigeria, while the rest was waiting
for redistribution as to when it would be sent back to Nigeria.”

He also said that an additional 80 million pounds had been temporarily confiscated from Ibori and his associates, including Mr Patrice Gohil, one of his lawyers.

“Approximately, 80 million pounds is temporarily frozen and a confiscation hearing has been fixed for April 2015, where the judge will determine how much was stolen, after which it would be returned to Nigeria.”

The British Southcrown  Court in April 2012  sentenced  Ibori  to 13 years jail term for fraud and money laundering.

http://businessdayonline.com/2014/11/uk-to-return-6-8m-of-ibori-loot-to-nigeria/#.VFoHGsnUZGc

 

Related Topics

  Subject / Started by Replies Last post
0 Replies
2164 Views
Last post August 06, 2013, 08:58:13 PM
by bobnicez22
0 Replies
952 Views
Last post September 15, 2016, 01:02:17 AM
by sahara
0 Replies
920 Views
Last post February 05, 2017, 01:04:11 AM
by linda
0 Replies
924 Views
Last post February 05, 2017, 07:01:49 PM
by linda
0 Replies
724 Views
Last post January 13, 2020, 07:01:54 AM
by sahara
0 Replies
515 Views
Last post March 10, 2021, 07:01:37 AM
by flukky-1
0 Replies
462 Views
Last post March 10, 2021, 07:01:41 AM
by flukky-2
0 Replies
585 Views
Last post March 11, 2021, 07:00:48 AM
by sahara
0 Replies
397 Views
Last post March 11, 2021, 07:01:02 PM
by NaijaPilot
0 Replies
342 Views
Last post May 04, 2021, 01:04:25 AM
by PulseNG