UK Court Orders Confiscation of $130 Million from Convicted Nigerian Politician Ibori

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Source: Reuters UK
UK Court Orders Confiscation of $130 Million from Convicted Nigerian Politician Ibori
Photo: Reuters UK
TL;DR Summary

Prosecutors in a London court are seeking a confiscation order of over £100 million ($129 million) from Nigerian politician James Ibori, who was convicted of fraud and money laundering. Ibori, a former governor of Delta State in Nigeria, pleaded guilty to 10 counts in 2012 and served a 13-year jail sentence in the UK. The case is seen as a landmark in the fight against corruption. The judge is expected to issue the final order soon. Ibori plans to appeal the confiscation order. The UK has pledged to return any recovered funds to Nigeria.

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