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    Wednesday, April 18, 2012

    Former Governor, James Ibori Gets 13 Years Imprisonment



    Former governor of Delta state James Ibori has been sentenced by Southwark Court to 13 years behind bars for fraud and money laundering. Earlier in the trial, Ibori stood shame-faced in the dock of London’s Southwark Court as he admitted stealing tens of millions of pounds from the oil-rich Delta state.
    Ibori admitted one count of conspiracy to launder money, five count of money laundering and one count of obtaining a property transfer by deception over the theft of more than £25m while he was governor.
    He also pleaded guilty to conspiracy to defraud, conspiracy to make false instruments, and one count of money laundering linked to a $37m (£23.3m) share fraud of the sale of shares in V mobile.
    Ibori was extradited from Dubai to the UK in April 2011 and Detective Inspector Paul Whatmore said Ibori’s loot stood around $250 million
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