A UK State prosecutor on Thursday asked the Southwark Crown Court to confiscate over $129 million from convicted Nigerian ex-governor, James Ibori.
According to Reuters, after more than a decade of legal wrangling and court delays, attempts by prosecutors to confiscate funds considered to be the benefits of Ibori’s criminality now appear close to conclusion.
Lead prosecution counsel Jonathan Kinnear told the court that the total amount that should be confiscated from Ibori was 101.5 million pounds, and that if he did not pay up he should be sentenced to between five and 10 years in prison.
Reuters said Judge David Tomlinson of Southwark Crown Court has made factual findings regarding the funds.
At a hearing on Thursday, both sides made competing arguments about how the confiscation figure should be calculated, taking into account the judge’s findings.
He is expected to finalise and formally issue his order on Friday or shortly afterwards.
Having served half of his prison sentence in pre- and post-trial detention, as is common, Ibori returned to Nigeria in 2017 and did not attend Thursday’s hearing. He told Reuters by text message he planned to appeal against the confiscation order.
Ibori was extradited in 2011 from Dubai to London, where he was charged with laundering a corruptly acquired fortune.
He pleaded guilty in 2012 to 10 counts of fraud and money-laundering and received a 13-year jail sentence, an outcome hailed by Britain as a landmark in the struggle against corruption.
Ibori remains influential and well-connected in Nigerian politics. President Bola Tinubu, who was inaugurated in May, has hosted Ibori twice at the presidential villa, along with other former governors.
