Monday, February 27, 2012

IBORI PLEADS GUILTY: STOLE UP TO $3 BILLION


Former Governor James Onanefe Ibori of Delta State today entered a guilty plea at his money laundering trial at a Southwark Crown Court in London, the UK.

Mr. Ibori’s admission of guilt closed the chapter on arguably the most dramatic judicial and political saga involving a Nigerian public official in recent years.
Today’s development came as a stunning finale to one of the most phenomenal money laundering and fraud cases spanning seven years of an intensive manhunt. That drama ended as the once powerful former governor, who loved to be flattered with his flamboyant nickname of Odidigborigbo of Africa, avoided an exhaustive and revealing trial by deciding to admit to his massive money laundering activities during his two-term run as governor.Diplomatic sources as well as international crime investigators believe that Mr. Ibori stole close to $3 billion from the coffers of Delta State. Over the years,

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