Saturday 18 April 2015

UK Taxpayers face huge bill to recover profits from £50m fraudster (James Ibori)

Here's a report I found on Standard UK. UK Taxpayers are
blaming former Delta state governor James Ibori for a huge
new bill. Find the report below...
James Ibori, who began his working life as a £5,000-
a-year cashier at a Wickes DIY branch in Ruislip,
became a multi-millionaire after returning to his
homeland and committing a series of scams during an
eight-year career running its oil rich Delta State.
His wealth allowed him to buy expensive homes, a £12 million
jet and a £1 million fleet of cars including a Bentley, Mercedes
and armoured Range Rovers. His crimes were detected in a
Scotland Yard investigation that led to him being jailed in April
2012 for 13 years for fraud and money laundering.
But a decision on how much he will have to repay has now
been postponed again, to June next year, after lawyers for
Ibori and two other defendants told Southwark crown court
that more time was needed to prepare their cases.
It means Ibori will not have to repay any of the money until at
least 2017.
Prosecuting barrister Sasha Wass QC said the delay to the
hearing, which was due to start in 2013, meant the cost to
the taxpayer of dealing with Ibori would spiral further. She
said £2 million had already been spent on his defence. Ivan
Krolick, representing Ibori, told the judge that he and another
defence barrister needed more time because of the recent
submission of a 66,000-page file of prosecution evidence.
Ms Wass said the new file contained evidence already given
to the defence, repackaged to make it easier to read.
Judge Pitts agreed to delay the hearing after barristers for the
other defendants, London solicitor Bhadresh Gohil and Ibori’s
former mistress Udoamaka Onuigbo, also called for a delay.
Ms Onuigbo’s barrister, Ami Feder, said his client — deported
after serving her prison term for money laundering — wished
to return to Britain for the hearing but failed to obtain a visa
and needed time for a new application.
Ibori was governor of Nigeria’s Delta State between 1999 and
2007. He admitted fraud totalling nearly £50 million, but now
denies making personal profit from his crimes.

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