James Ibori, a former governor of Delta State who had previously been found guilty in the UK of fraud and money laundering, is set to lose more than 100 million pounds ($129 million) in court.
Ibori served as the Peoples Democratic Party’s (PDP) governor of Delta State from 1999 to 2007. He was one of the 1999 governors that recently paid President Bola Tinubu a visit at the presidential palace, according to Daily Trust.
The former governor was sentenced to 13 years in prison after pleading guilty to a 10-count money laundering and fraud allegation.
After escaping Nigeria, he was apprehended in Dubai and deported to London.
The PDP leader was accused by the Kingdom authorities of stealing public monies and using British banks and real estate to launder them.
Following legal disputes and delays, the Ibori confiscation processes are almost through.
According to reports, Southwark Crown Court Judge David Tomlinson reached some factual conclusions on the financial gain the former Delta governor received from the offences.
On Thursday, July 20, the hearing was held, and the prosecutor’s and defense attorneys presented their arguments explaining how the confiscation amount should be computed in light of the judge’s findings.