James Ibori, the former governor of Delta State, is facing a new 10-year prison sentence for money owed to him following his conviction in a UK court in 2012.
According to Channels Television, the court is about to order the seizure of more than £100 million ($129 million) from the former governor.
The development comes around six years after Ibori returned to Nigeria after serving a prison sentence for money laundering and fraud.
James Ibori, the former governor of Delta State, is facing a new 10-year prison sentence for money owed to him following his conviction in a UK court in 2012.
According to Channels Television, the court is about to order the seizure of more than £100 million ($129 million) from the former governor.
The development comes around six years after Ibori returned to Nigeria after serving a prison sentence for money laundering and fraud.
The former governor was indicted by British authorities for stealing state monies and laundering them through UK banks and assets. However, the trial on confiscation procedures against Ibori commenced in February 2017.
Judge David Tomlinson of Southwark Crown Court has made factual findings regarding the amount of money linked to Ibori.
During a hearing on Thursday, the prosecution and defence submitted their positions on how the confiscation sum should be computed based on the judge’s conclusions.
Ibori, who returned to Nigeria in 2017 after completing half of his sentence, did not attend the court.
The prosecution’s lawyer, Jonathan Kinnear, told the court that the total amount that should be confiscated from Ibori was £101.5 million.
Kinnear told the judge that if he does not pay, he will risk an additional five to ten years in prison.
The judge is anticipated to reach a decision and issue an order on Friday or soon after.
