UK court to restart $145m Ibori asset-confiscation case
Hearing in the case of confiscation of 90 million pounds (about
145 million dollars) worth of assets belonging to ex-gov. James Ibori
ended inconclusively on Monday in a British court.
The case will now start afresh next year.
James Ibori, governor of the oil-producing state of Delta in southern
Nigeria from 1999 to 2007, is serving a 13-year jail sentence in a
British jail.
This was after he pleaded guilty in February 2012 to 10 counts of fraud and money-laundering.
Once an influential power-broker at the heart of Nigeria’s ruling
PDP, he is by far the most senior politician to be held accountable for
the corruption.
The confiscation proceedings against him will determine whether he
emerges from jail impoverished or still in possession of a large enough
fortune to regain a position of influence in Nigeria.
Ibori will become eligible for early release in March 2016.
In a hearing which began at London’s Southwark Crown Court on Sept.
16, prosecutors were seeking a court order to confiscate a long list of
assets.
They were relying on Ibori’s guilty pleas as proof that his assets
worth close to 90 million pounds were the proceeds of corruption during
his time in office.
The defence argued that the guilty pleas did not prove that the assets were benefits of Ibori’s crimes.
After three weeks in court, Judge Anthony Pitts said in order to make
an informed ruling he needed a better grip on the evidence underlying
the case.