The Federal High Court Awards Ownership Of $15 Million James Ibori Bribe Money To Federal Government.

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The ownership of the $15 miliion that ex-Delta state governor James Ibori allegedly used as a bribe has been awarded to the Federal Government.

The Federal High Court sitting in Abuja ruled that the Delta state government failed to prove beyond reasonable doubt that the sum belongs to it.
The Delta state government claimed ownership of the money allegedly given by Mr. Ibori, as bribe to stave-off arrest by former chairman of the Economic and Financial Crimes Commission (EFCC), Mallam Nuhu Ribadu.

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Oando Plc. reacts to Mr Ibori’s Assets revelation

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Oando Plc. has reacted to the revelation that Mr Ibori hid some of his assets in the company and money passed from Oando’s accounts to Ibori’s Swiss accounts.

A three-week confiscation hearing began at London’s Southwark Crown Court on Monday where Sasha, a British prosecutor, told the court that Mr Ibori hid some of his assets in Oando and money passed from the company’s accounts to Ibori’s Swiss accounts.

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Woman Sentenced to 14 Years for Stealing N3.15 Million in Abuja

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A 22-year-old cashier, Mariam Salifu was sentenced to 14 years in prison for stealing N3.15 million belonging to her employers. The decision has been announced by an Abuja Magistrate Court, on September 9, 2013, Monday.

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Ibori recommended Waziri for EFCC job – Obasanjo

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Former President Olusegun Obasanjo has said the appointment of Mrs. Farida Waziri as the chairman of the Economic and Financial Crimes Commission slowed down the fight against corruption in the country.

 Obasanjo, in an exclusive interview he granted Zero Tolerance, a magazine published by the EFCC,  said Waziri was a wrong successor to Mallam Nuhu Ribadu, the pioneer chairman of the anti-graft agency.

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Court Sets 20 September For Ruling On Ownership Of Ibori’s $15 Million Bribe

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The Federal High Court, Abuja, has set 20 September for judgment in a suit filed by the Delta State Government against the Federal Government over ownership of $15 million (N2.4 billion).

The money is alleged to be bribe offered former Chairman of the Economic and Financial Crimes Commission (EFCC), Nuhu Ribadu, by convicted former Delta governor, James Ibori. Justice Gabriel Kolawole gave the date on Wednesday after counsel to the parties adopted their addresses.  The respondents in the suit are the Economic and Financial Crimes Commission (EFCC) and Central Bank of Nigeria.  Justice Kolawole said the parties had 21 days within which to file the addresses while the plaintiff (Delta State Government) had another 14 days to respond to issues bordering on point of law.  “In the circumstance, therefore, the judgment is reserved for September 20,’’ he said.  The Delta State government had approached the court to claim ownership of the $15 million.

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Money Laundering: Ibori Loses Appeal Over 13-Year Jail Term

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The jailed former Delta State governor, James Ibori, lost a legal appeal on Thursday against a 13-year prison sentence for embezzling more than $250 million.

Mr Ibori, a founding member of Nigeria’s ruling party and a behind-the-scenes kingmaker who ran Delta State for 8 years, was trying to get his sentence reduced. His lawyers argued that the original judge had indicated the term would be shorter.

Judge Antony Edwards-Stuart rejected that argument at the appeal hearing and also said that money laundering should attract close to the maximum 14-year sentence.

EFCC locates Ibori’s secret mansion in Lagos

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The Economic and Financial Crimes Commission on Friday said it had located a mansion belonging to a former governor of Delta State, Chief James Ibori, in an upscale area of Lagos.

The commission said in a statement by its spokesman, Mr. Wilson Uwujiaren, that the property was discovered on Thursday at No. 5, Alpha Beach Road, Lekki in Lagos by its operatives.

Ibori was convicted on April 18, 2012 by a United Kingdom crown court and sentenced to a13-year jail term for corruption and money laundering.