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Ibori risks £100m seizure, fresh 10-year jail term in UK

A court in the UK is set to order the seizure of more than £100 million ($129 million) from former Delta State Governor James Ibori.

This comes about six years after Ibori’s return to Nigeria after serving a prison sentence for money laundering and fraud charges.

The British authorities had indicted him for stealing public funds and laundering them through UK banks and properties with the trial on confiscation proceedings against Ibori beginning in February 2017.

According to reports, Judge David Tomlinson of Southwark Crown Court has made factual findings regarding the amount of money linked to the former governor.

The prosecution and the defence, during a hearing on Thursday, presented their arguments on how the confiscation figure should be calculated based on the judge’s findings.

Ibori, who returned to Nigeria in 2017 after serving half of his sentence, did not attend the hearing.

The prosecution lawyer, Jonathan Kinnear, told the court that the total amount that should be confiscated from Ibori was 101.5 million pounds, and that if he failed to pay he should face an additional prison term of between five and 10 years.

The judge is expected to conclude and issue an order on Friday or soon after.

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Naija Times