Connect with us

Government

Former Governor, James Ibori Released From UK Prison – Reports

Published

on

james-ibori
  • Former Governor, James Ibori Released From UK Prison

The former governor of Delta State, Mr. James Ibori, convicted of fraud and money laundering has been released from the UK prison where he has spent over four years.

Ibori, a chieftain of the Peoples Democratic Party, was accused in February 2012 of stealing $250m from the Delta State public purse.

Ibori, who was governor of the state between 1999 and 2007, admitted to fraud totalling nearly £50m.

He was jailed on Tuesday, April 17, 2012, for 13 years by the Southwark Crown Court after pleading guilty to ten counts of money laundering and conspiracy to defraud.

However, residents of Asaba, Delta State, who are currently celebrating the release of their former governor, James Ibori, may have to wait till well after January 2017 before they can physically embrace their son.

According to reports, a London High court had ruled that the Home Office could no longer hold the ex-governor who had served six-and-a-half-years of his 13-year jail term, as the sentence ran concurrently.

Ibori was subsequently released on Wednesday morning.

The British Home Office had made an unsuccessful attempt to prevent his release, claiming that Ibori’s assets confiscation hearing was inconclusive.

However, on Wednesday, the presiding Judge, Mrs. Justice May, who heard an emergency appeal filed by Ibori to enforce his rights, rejected the Home Office’s request to continue to detain him.

In her ruling, Justice May ordered his immediate release without conditions attached.

It was however gathered that the ex-governor has to report to the Police once a week, hence his inability to return to Nigeria immediately.

He is reported to be currently restricted to his St. John’s Wood residence.

May ordered both parties to return to court in January.

Meanwhile, Ibori has appealed his conviction for money laundering and graft.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Advertisement
Advertisement
Advertisement