UK to return £6.8 million of James Ibori loot to Nigeria

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

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