Convicted former Delta State Governor,
Chief James Ibori, hid some of his assets in an indigenous integrated
oil company, Oando Plc, according to a British prosecutor.
The prosecutor was quoted by Reuters
in a report on Monday as saying that the former governor, who is
serving a 13-year jail term in the United Kingdom for fraud and
money-laundering, hid some of his assets in the oil firm; adding that
money passed from Oando’s accounts into Ibori’s Swiss accounts.
Ibori had in February 2012 pleaded guilty to 10 counts of fraud and money-laundering worth £50m.
Prosecutor Sasha Wass was quoted as
telling the court that she would be presenting evidence that Ibori had
“asserted ownership of a large part” of Oando, Nigeria’s biggest
home-grown oil firm, which is listed in Lagos, Johannesburg and Toronto.
Tweet Follow @punshcomempower
50% off Hosting for your Website at GoDaddy.com!
It's a BIG Deal! $5.99* .COM from GoDaddy.com!
It's a BIG Deal! $5.99* .COM from GoDaddy.com!
Host a site without stress on namecheap eApps|YOUR APP HOSTING PROVIDER
Submit your Website
Free webmaster resources including SEO Tools, Computer Glossary, Templates Sign up to BIGTIMEBUX today!
0 comments:
Post a Comment