A court in the UK is set to order the seizure of more than £100 million ($129 million) from former Delta State Governor James Ibori.
This comes about six years after Ibori’s return to Nigeria after serving a prison sentence for money laundering and fraud charges.
The British authorities had indicted him for stealing public funds and laundering them through UK banks and properties with the trial on confiscation proceedings against Ibori beginning in February 2017.
According to reports, Judge David Tomlinson of Southwark Crown Court has made factual findings regarding the amount of money linked to the former governor.
The prosecution and the defence, during a hearing on Thursday, presented their arguments on how the confiscation figure should be calculated based on the judge’s findings.
THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN
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