Ibori pleads guilty in London

AT the home-front, the Economic and Financial Crimes Commission (EFCC) met a brickwall in its attempt to prosecute former Delta State Governor James Onanefe Ibori over alleged financial misconduct while in office. When the heat was on him, Ibori went underground for weeks in 2010 before he escaped to Dubai, which turned out to be an ill-fated journey. He was extradited to London on the request of British government for trial over money-laundering and other offences.

Against earlier reports that Ibori might enter into a plea bargain, the former governor yesterday pleaded guilty before a United Kingdom (UK) court to a 10-count charge of money-laundering and conspiracy to defraud his state. His admission of guilt promptly set the stage for his sentencing, which the court has fixed for April 16 and 17, 2012. British police had accused him of stealing $250 million (about N38.75 billion at the exchange rate of $1 to N155) over eight years that he was governor.

Ibori, both under the administration of former President Olusegun Obasanjo and his late successor, Umaru Musa Yar’Adua, was seen within the ruling Peoples Democratic Party (PDP) as a power broker. He was arrested in 2010 in Dubai and then extradited to London.

http://www.ngrguardiannews.com/index.php?option=com_content&view=article&id=78484:ibori-pleads-guilty-in-london-&catid=1:national&Itemid=559

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