BREAKING: London Court Confiscates Former PDP Governor's N101.1bn
- James Ibori, the former governor of Delta State, has been asked to confiscate his £101.5 million pounds or face eight years in jail
- The confiscated amount in naira is N101,143,847,363.27, which is one-nine of the amount that Nigeria's three tiers of government shared on Thursday
- Judge David Tomlinson of Southwark Crown Court of London in the UK, on Friday, July 21, gave the order
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Asaba, Delta - Former Governor James Ibori of Delta State's £101.5 million pounds ($130.34 million) has been ordered for confiscation by Judge David Tomlinson of Southwark Crown Court in London on Friday, July 21.
According to PM News, the amount confiscated in naira is N101,143,847,363.27, and it was about one night of what was shared by the three tiers of government on Thursday, July 20.
Source: Twitter
According to Judge Tomlinson, Ibori must pay the money immediately or go to prison for another eight years.
The former governor of the Peoples Democratic Party (PDP), in his reaction to the ruling, said that the confiscation order of the UK's highest court would be appealed.
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How Ibori reacts to confiscation of his over N100bn by UK Court
Ibori, in a Facebook post on Thursday night, before the confiscation order, said:
“Finally, the shenanigans in the Southwark Crown Court are drawing to a close.
“Judge Tomlinson is due to make a confiscation order which should be both realisable and not punitive.
“However, after what transpired in court today my hopes are rapidly fading for any degree of fairness.
“In the 2 years it has taken to write this judgment it seems apparent that he has forgotten many of the salient points and is prioritising expediency over justice.
“The next steps will be to take my fight for justice to the highest courts in the UK.”
The hearing was heard on Thursday, July 20, and counsels to the prosecutor and defence presented their arguments that explained how the confiscation figure should be calculated as a result of the judge's findings.
Fresh worry for Ibori as UK weighs jail option or seizure of over £100m
Legit.ng earlier reported that the former governor of Delta State, James Ibori, is about to lose over 100 million pounds ($129 million) at a Briton court.
The UK authorities earlier indicted Ibori for fraud and money laundering through some banks and properties in the Kingdom.
Ibori was the former governor of Delta State between 1999 and 2007 under the PDP platform and was part of the 1999 class of governors that visited President Bola Tinubu on Wednesday.
Source: Legit.ng
