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Friday 3 May 2013

Money Laundering: UK Court Dismisses Ibori's Appeal


A United Kingdom court yesterday dismissed an appeal filed by the former governor of Delta State, James Onanefe Ibori, to have his prison term slashed. You all remember he was sentenced last year by a Royal Crown Court for committing money laundering and multiple frauds while in office as governor of Delta state.

Two justices of the Royal Courts of Justice on the Strand in London stated that the appeal lacked merit and thus dismissed it. The court also affirmed the 13 year prison sentenced handed the former governor for stealing and money laundering.

Last year, Mr. Ibori was sentenced to 14 years in jail by a Southwark Crown Court judge after he pleaded guilty to stealing about $250 million which he laundered through banks in the United Kingdom. 

The monies, which were stolen from the coffers of Delta State while he was governor there, were lavished on a Bombardier jet, luxury cars, expensive homes in London, and jewellery.

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