Monday, 27 February 2012

James Ibori pleads guilty to fraud & money laundering charges

Former Governor of Delta State, James Ibori, today pleaded giulty to 10 counts of money laundering, fraud, conspiracy to defraud, and other offenses in a London court. He pleaded guilty to stealing over $250 million in public funds.
Britain's Department for International Development said today that Ibori “systematically stole funds” during his two terms as governor and deposited the money in bank accounts around the world. It says the money he stole was equal to $60 for every person in Delta state, and that the money could have provided education or clean water for more than 400,000 poor Nigerians. And they've promised that the money stolen by Ibori will be returned to Nigeria's poorest people.

With this plea, Ibori faces up to 10 years in a UK prison at his sentencing, which will happen after the trial ends. Goodluck and Goodbye!


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