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From Wickes to Governor :DIY worker turned Nigerian governor admits £50m fraud James Ibori

29 Feb

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James Ibori, a Wickes cashier who went on to become the governor of a Nigerian state, has admitted fraud totalling nearly £50 million, said to be part of total embezzlement which could exceed 250 million US dollarsJames Ibori, the former governor of a Nigerian state who today admitted fraud totalling nearly 50 million, said to be part of total embezzlement which could exceed 250 million US dollars

James Ibori, the former governor of a Nigerian state who today admitted fraud totalling nearly 50 million, said to be part of total embezzlement which could exceed 250 million US dollars

Ibori pleaded guilty at Southwark Crown Court to a series of charges linked to the theft of money from the Delta state and fraud involving state-owned shares in a mobile phone firm.

He admitted one count of conspiracy to launder money, five of money laundering and one of obtaining a property transfer by deception over the theft of more than £25 million while he was governor of the region.

Ibori also pleaded guilty to conspiracy to defraud, conspiracy to make false instruments…

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