Former governor of Delta State, Chief James Ibori, on Monday pleaded guilty to fraud and money laundering charges at a Southwark Crown Court in London.
An online medium, saharareporters, says Ibori pleaded guilty to 10 counts of fraud, money laundering and corruption before Judge Anthony Pitts.
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Ibori’s guilty plea has closed a chapter to a long judicial and political saga pertaining to his massive money laundering activities in his eight years as governor of one of Nigeria’s major oil-producing states.
The former governor faces up to 10 years in a UK prison during sentencing, which will take place after the completion of the trial of his accomplice and financial advisor, Ghanaian-born Elias Preko.
Today, the judge ordered that the remaining charges would remain on file.
In a short submission, Crown Prosecution Service lawyer, Sasha Wass, QC, said the prosecution does not seek to go ahead with Ibori’s trial anymore, saying, ” Mr. Ibori has accepted the entirety of the prosecution’s case as it has always been set out.”
More details later.
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