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UK seeks to confiscate convicted Nigerian politician's loot

Published 16/01/2020, 13:59
© Reuters.  UK seeks to confiscate convicted Nigerian politician's loot

LONDON, Jan 16 (Reuters) - A British prosecutor launched a

fresh attempt on Thursday to confiscate tens of millions of

pounds stolen from an oil-producing state in Nigeria by its

former governor, who was convicted of laundering his loot in

Britain.

James Ibori, who was governor of Delta State from 1999 to

2007, pleaded guilty at London's Southwark Crown Court in 2012

to 10 counts of fraud and money-laundering. He received a

13-year jail sentence.

The case was a rare example of a prominent Nigerian

politician being punished for his part in the endemic corruption

that has blighted Africa's most populous country for decades.

Since then, several other Nigerian former state governors have

been convicted in their own country.

Having served half of his sentence in pre- and post-trial

detention, Ibori was released from jail in December 2016 and is

now back in Nigeria.

In 2013, a first attempt was made in Britain to confiscate

his assets, but it was aborted after three weeks of hearings

because of unresolved legal disputes.

Then the confiscation process was stalled for several years

while Ibori and several of his associates, who had been

convicted for their roles in laundering his money, appealed

unsuccessfully against their convictions.

Restarting the process at Southwark on Thursday, prosecution

counsel Jonathan Kinnear began listing assets that Britain seeks

to confiscate from Ibori and return to Nigerian public funds.

The total value of the known proceeds of his crimes came to

117 million pounds ($153 million), he said. However, only a

portion of that sum is likely to be recoverable.

During his time in office, Ibori, 57, amassed a portfolio of

luxury properties in Nigeria, London, Washington, Houston and

Johannesburg. He travelled all over the world, staying in the

most expensive hotels and spending lavishly in luxury stores.

His lifestyle during those years was a far cry from his

modest beginnings in life. As a young man, he had worked as a

shop assistant at a branch of the home improvements chain Wickes

in London, where he was caught trying to steal from the store

and was convicted of theft.

Britain's National Crime Agency estimates that around 1

billion pounds in dirty money moves into or through the United

Kingdom every year. Ibori is one of the only ultimate

beneficiaries of such practices to have been convicted.

The case is expected to last around four weeks.

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