UK renews bid to seize £117m Ibori loot

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A British prosecutor on Thursday launched a fresh attempt to confiscate millions of pounds stolen by a former governor of Delta State, James Ibori, who was convicted of money laundering and graft in Britain.

About £117m known proceeds of crime are being targeted but only a portion of the sum was likely to be recoverable.

The case, according to Reuters, is expected to last around four weeks.

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 was sentenced to 13 years in prison but was released in December 2016 and is back in Nigeria.

Reuters reported that the prosecution counsel, Jonathan Kinnear, began listing assets that Britain seeks to confiscate from Ibori and return to Nigeria at Southwark Crown Court on Thursday.

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