Christopher Thompson
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A FORMER governor of Nigeria’s richest province has used banks in Britain to stash £20m in stolen funds to finance his flamboyant lifestyle, police investigators allege.
James Ibori, who ran the oil-rich Delta state until May, is being investigated by the Metropolitan police for allegedly laundering the money during 2005-06, using a web of high-street banks in London and an international array of front companies.
According to a witness statement made by a financial investigator working for the Met, Ibori used accounts at branches of HSBC, Barclays and Abbey to buy luxury cars and homes.
These include a £4m mansion in Hampstead, north London, a nearby flat for a mistress and a country retreat in Dorset. Ibori owned a Bentley Continental GT, a Jaguar and an armoured Mercedes-Benz Maybach.
The statement for the Met, seen by The Sunday Times, says that since 2005 funds from Nigeria, intended for education and engineering projects, “[were] allegedly stolen by James Ibori [and] have been laundered through the UK banking system”.
One payment, of £275,873, was made to a Mayfair car dealership for an armour-plated Maybach limousine in 2005.
Ibori, who denies the accusations, has not been charged with any wrongdoing. His lawyers declined to comment.
Known as the “Dapper Don” because of his taste for tailored clothes and Californian wines, Ibori, described by some as a political godfather, would visit London on shopping sprees with his wife.
The investigation is looking at payments by Shell and Chevron-Texaco to his businesses in his home state. Over three years, Shell, Chevron and the Nigerian National Petroleum Company paid £3.6m into a Barclays account controlled by Ibori for renting out houseboats to foreign employees.
Last Thursday the Court of Appeal confirmed a freeze on Ibori’s UK assets, worth £17.1m.
According to an affidavit, the Met intervened at an unspecified date to block his purchase of a private jet from Bombardier, the manufacturers, for $20m (£9.8m) while he was still in office and receiving an official salary of just £12,000 a year.
Ibori is a close ally of Nigeria’s reformist president, Umaru Yar’Adua, who came to power this year on an antigraft platform. Ibori is alleged to have funded his campaign.
During Ibori’s tenure as governor of Delta state - between 1999 and May 2007 - there was a breakdown in law and order, which hit the poor particularly hard. Most of Delta’s inhabitants subsist on less than 50p a day.
Armed gangs sporting colourful names such as the Vikings and Black Axe patrol the region’s swamps and creeks. Since January last year, 30 Britons have been kidnapped there and one was killed, according to the Foreign Office.
After Ibori left office he was investigated by Nigeria’s Economic and Financial Crimes Commission.
An associate who met Ibori in New York in September told The Sunday Times that he was “desperate to prove that his hands are clean”.
The Met has recently launched a crackdown on foreigners using Britain as a haven for corruptly acquired assets. Ibori is the third Nigerian governor to be investigated under the Proceeds of Crime Act introduced in 2002.
The two others charged with money laundering in London jumped bail. One has since been convicted of corruption by a Nigerian court, while the other is on trial.
HSBC, Abbey and Barclays declined to comment but said they would cooperate fully with any police investigation.
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Thank you MET.l dont wish that only all his assets be siezed but he[IBORI] she face the music of what he subjected the less priviledged or the poor masses to suffer.
Goddy, Onitsha, Anambra
The cookies are coming home to roost. I sincerely hope that this is the beginning of the end for political looters in Nigeria nay other African Countries who have turned public office into an opportunity for corrupt enrichment.
Ola Eyiowuawi, Kent, U.K
The funny thing is that while President Obasanjo was in office, he claimed to be fighting corruption. But some of the biggest thieves, including Ibori, were his friends, and they came close to succeeding Obasanjo as President.
That is why the anti-corruption scheme is so flawed, and allegations of personal enrichment are swelling against Obasanjo that he has refused to defend.
And this is why the greatest gains in the battle against graft in Nigeria is coming from abroad. Thank you, UK!
Now, if only the United States would also get involved! This battle can be fought and won, on behalf of the ordinary Nigerian, without offending any diplomatic hiding grounds.
Frustrated Nigerian, Abuja, Nigeria
Oh look, surprise! Another Nigerian governer runs off witht he countries money. Is anyone actually shocked? This is a continuing problem and the Met have uncovered a spec of dust in a pile of rubble.
Steve Wood, London, uk
UK financial institutions are the ones that really get away with it. Even the most cursory glance at Nigerian politics would reveal the real source of Ibori's wealth. Banks are supposed to undertake KYC on clients - the branch manager of Barclays where this particular account was held should face criminal charges, along with the senior management who deflect any discussion with their glib 'no comment'. How long are we to accept the pleas of ignorance by supposed professionals, closing our eyes to their complicity in the looting of Africa?
Ross Ferguson, Dakar, Senegal
This is a good song to hear; but for the tragedy of it all, one would have danced. But the truth is, this is just a microcosm of it all. The regime in which this kleptomaniac participated reeked of corruptuion form head to toe, despite the dubious piety of the head of the regime, General (rtd.) Olusegun Obasanjo. Many Nigerians have no business rotting away in strange climes but for the perfidious lunacy of their so-called leaders. As we say back home, every day for the thief, one day for the owner. To Times and the MET, thanks for a job well done. And just to remind the West: Stop all these criminals who bamboozoole you with talks about helping to stop wars in Africa. The situation in the Niger Delta is a proof that these ones are incapable of guaranteeing the safety of your investments. Get on their backs now so as to prevent another rounds of 'debt forgiveness' concerts in the next few years. Get these irresponsible lot to pay you; they are the real debtors.
Oladini Oyebadejo, MANCHESTER, UNITED KINGDOM
Did you hear that, a governor buying an amoured 'Maybach'. These thieves dream of living like David Beckham or some Italian godfathers, but they lack the brains and guts to work for their grand tastes. Their only means of living in dreamworld is to steal from Nigerian poor masses!
Nigeria would have been a far more better place to live than anywhere in the world if people like Ibori had used state funds for projects they were made for instead of diverting them .
Did Ibori forget the adage: 'the morsel of food that comes from the side of the pot goes to the side of the mouth!
Obasanjo and co you guys are next!
Igwe Chinedu Andrew, Manchester, United Kingdom
It beggars belief that so called politicians in Nigeria go about parading themselves as having earned enormous wealth before attaining political office with no track record whatsoever in business. Fact is in an evironment where looters are glamourised and adored the likes of Ibori rule the roost. The gallant efforts of the Met in tackling the looting of public funds meant for the long suffering people of the Niger Delta is to be applauded but before the we remove the cork from the champagne bottle to celebrate we should challenge the Nigerian government to do more to apprehend the affluence of the other Iboris and call them to account for their wealth. Without naming names I think we all know who they are, look no further than the state governors who received the most revenue allocation in Nigeria with nothing to show for it other than lining their greedy selfish pockets.
Oladele Osinuga, Dagenham, United Kingdom
Many thanks to the Met Police even though there are still many other Iboris undisturbed for it is an undisputable fact that every other ex-governor has committed similar, if not worse crimes than Ibori. We all know that being an incorruptible state governor or minister or indeed any public post with financial votes in Nigeria is virtually impossible...
My main concern however, is for Dr. Sam Egwu who plundered our poor Ebonyi State to be brought to book.
Bravo to the Met Police and shame unto enlightened Nigerians in the UK who have refused to heed my call for genuine Nigerian in Europe and America to organise themselves and begin to contribute towards building a successful Nigeria by at least, helping to expose those who hide our monies here and elsewhere. If responsible Nigerians in UK and other first world countries where our resources are being stashed could organise and work towards exposing more Iboris, Nigeria would change in a matter of months..
John Iteshi, London, UK
That is the tip of the ice-berg. Some are still been protected by their God-father (Obasanjo). When nemesis catches up with them, every Kobo would be regugitated. Well done, MET, well done The Sunday Times for the expose.
Al Smith, LONDON, England
We love you Great Britain for being out to help us out of this mess. we all are here surfring while some rougue are enjoying our God giving wealth. just come and see the level of poverty and decay of infracstucture, you will be amezed.
Raymond, asaba, Delta State, Nigeria
It's so sad that, these kleptomaniac "ruler" are hell bent on destroying Nigeria! How many white people have stolen money from their country and take it to Africa? Please, we would like to know where Dictator Ibrahim Babangida is hiding the money he stole from Nigeria! Hopefully, they are jailed for the rest of their rooting life!
ceejay, Mississauga, canada
No wonder Barclays is still doing business in Zimbabwe.
GK, Calgary, Canada
Thank you Great Britain for rescuing our stolen funds.
Blair and Brown are proving to be real friends of Africa.
We will cooperate eagerly with funds used to support terror groups when you show that there will be no tolerance for those who siphon money from poor countries to the West.
Mudiame, London,