- James Ibori pocketed £50m which he used to fund life of luxury
- Bought private jet, mansions and top boarding school places for his kids
- Went from £15k DIY store job to leader with presidential aspirations
- Tried to pay $15m bribe to government official to make corruption investigation 'go away'
James Ibori personally pocketed £50million which he splashed on a life of luxury including his own private jet.
Ibori, 49, an ex-governor of Delta State with presidential aspirations, stole public funds for a 'lavish and expensive lifestyle'.
Playboy lifestyle: Former Wickes cashier James Ibori, 49, has admitted a fraud totalling more than £50million which he committed while a former Nigerian state governor
--------------------------------------------------------------------------------------------------------------
As his people struggled in poverty, Ibori’s monthly credit card bills alone topped £125,000.
It is estimated that the embezzlement from the Delta state is yet unquantified, but could exceed £157million which was laundered in London through a number of off-shore companies.
The case at Southwark Crown Court was delayed this morning after a ruckus broke out in the corridor and police had to be called in to control crowds of his supporters.
Luxury: Exclusive home that Ibori bought in Hampstead, north London, with £2.2million in cash in 2001
Fleet of cars: The former Nigerian state governor owned a number of cars including this Bentley Continental worth in the region of £150,000
Extraordinary extravagance: James Ibori owned a fleet of armoured Range Rovers - including this one - bought with the proceeds of his £50million fraud
--------------------------------------------------------------------------------------------------------------
She told the hearing: 'The defendant was governor of the Delta State, one of the richest oil producing states in Nigeria, between November 1999 and May 2007.
'It is the prosecution case that during his two terms in office he deliberately and systematically defrauded the people whose interests he had been elected to represent he went on to launder the money he stole in this country.'
He inflated state contracts, took kickbacks, and through bent employees stole cash straight from the State accounts and secreted the cash into off-shore accounts across the globe.
Instead of using the money to help his people, he bought a £2.2 mansion in Hampstead with cash, a house in Regents Park, a flat in St John's Wood, a £311,000 home in Dorset and a £3.2million mansion in Johannesburg, as well as a house in Houston.
Fraudsters: Solicitor Bhadresh Gohil and Ibori's wife, Theresa, who have already been convicted of money laundering in the scam
Convicted: Ibori's sister Christine Ibori-Idie and his mistress Udoamaka Oniugbo have also been found guilty of money laundering
--------------------------------------------------------------------------------------------------------------
His 'greed and acquisitiveness' was also represented by his fleet of armoured Range Rovers worth £600,000, a £120,000 Bentley, a Jaguar for his Hampstead home and a Mercedes Maybach bought for 407,000 Euros that was shipped direct to his mansion in South Africa, Ms Wass said.
At an earlier hearing, Ibori pleaded guilty to ten offences - eight of money laundering, one of conspiracy to defraud Delta State and one of conspiracy to forge.
Nigerian-born Ibori moved to the UK in the 1980s where he married his wife, Theresa, and worked as a cashier at Wickes in Ruislip, Middlesex, earning around £15,000 a year before the couple were arrested for theft from the store in 1990 and fined £300.
A year later, he had another brush with the law when he was convicted of handling a stolen credit card and fined £100 before he moved back to his homeland and started as a ‘policy consultant’ for President Sani Abacha’s regime before climbing the ladder of the ruling People’s Democratic Party.
After lying to the independent Nigerian Election Commission by using a fake date of birth gained through a false passport to hide his previous convictions and financial status, Ibori was elected as state governor for Delta State from 1999 - giving him immunity from prosecution for his two terms until 2007.
Luxury: Homes Ibori owned in Lagos, Nigeria, and Kenton, north-west London
Homes: An apartment owned by Ibori's sister Christine Ibori-Ibie in Brent, north-west London (left) and a London property (right) owned by his mistress Udoamaka Onuigbo
--------------------------------------------------------------------------------------------------------------
'From the moment he was elected, he set out enriching himself at the expense of some of the poorest people in the world.
'His greed increased exponentially during the course of his governorship as did his arrogance.'
It was heard that he tried to pay a $15m bribe to a government official to make the corruption investigation 'go away'.
Even after he began to be investigated in 2005, Ibori involved himself in another 'massive fraud' and tried to bribe Nigerian officials, interfere with the trial and impugn the integrity of the officers.
Fraud: A flat owned by Udoamaka Onuigbo, Ibori's mistress, in central London (left) and a property he bought in Shaftesbury, Dorset, for £311,000 in 2005 (right)
--------------------------------------------------------------------------------------------------------------
He was helped by family members, including his wife, sister Christine Ibori-Ibie, his mistress Udoamaka Oniugbo, and a series of corrupt professionals - a London-based lawyer, Bhadresh Gohil, who acted as his banker and set up a myriad of off-shore companies, a fiduciary agent, Daniel Benedict McCann, a corporate financier, Lambertus De Boer - who have all been jailed for a total of 30 years.His fraud unravelled when the Met raided the office of 'trusted servant' Gohil, 47, who has since been jailed for 10 years, and found hard drives containing detailed records hidden in the wall behind a fire place.
A series of trials have taken place leading to six convictions and sentences totalling 30 years but Ibori has made a number of attempts to disrupt the course of justice, Ms Wass said.
When he was arrested in Nigeria in 2007, the High Court froze assets worth £35million despite him only earning around £4,000 a year. A court later dismissed the charges and he fled to Dubai where he was arrested by the Met.
He was trying to purchase a $20million jet when he was arrested.
Ibori, wearing a dark suit and glasses, is represented by two QCs during his sentencing hearing which is expected to last two days.
The case continues ...
No comments:
Post a Comment