Former Governor delta state James Ibori, who has pleaded guilty to fraud and money laundering charges at Southwark Crown Court 12 in London, may be sentenced today (Monday) 16th of April 2012.
Ibori had pleaded guilty to 10 counts of fraud, money laundering and corruption put at about $250m before Justice Anthony Pitts.
He faces up to 10 years in a UK prison and is coming barely a few days after his accomplice and financial advisor, Ghanaian-born Elias Preko, had been acquitted.
In a short submission, Crown Prosecution Service lawyer, Sasha Wass, QC, had said the prosecution did not seek to go ahead with Ibori’s trial anymore because “Mr. Ibori has accepted the entirety of the prosecution’s case as it has always been set out.”
But the Economic and Financial Crimes Commission, which had expressed happiness with the confession of Ibori before the London court, had also indicated that the former governor would also be tried in Nigeria after serving his jail terms in UK.
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