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Find all the economic and financial information on our Orishas Direct application to download on Play StoreInvestigators reported on Monday, July 24, that British courts ordered a politician and his accomplices convicted of fraud and money laundering to return 130 million pounds sterling (150 million euros) to Nigeria.
Governor of the oil state of Delta (southern Nigeria), from 1999 to 2007, James Ibori was sentenced in 2012 in London to 13 years in prison after pleading guilty in a £50 million fraud case. He was released at the end of 2016 after four years in prison in the United Kingdom. The British crime enforcement agency (NCA) announced in a statement released last Monday that after a confiscation hearing at Southwark Crown Court in London, a judge ordered it to repay more than £101.5 million. The NCA has estimated that the fraudulent profit attributed to James Ibori amounts to nearly 116 million
pounds.
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