Showing posts with label Stolen funds. Show all posts
Showing posts with label Stolen funds. Show all posts

Thursday, April 10, 2014

Stolen Public Funds: Ibori May Not Pay a Penny Back

A former Wickes cashier who became a Nigerian state governor and defrauded £157 million of public funds to live a lavish lifestyle may not have to pay a single penny back.
James Ibori, 51, is said to have personally pocketed £50 million of cash stolen from the west African nation’s oil-rich Delta State during his eight-year tenure.
The former £5,000-a-year Wickes cashier blew millions on luxury homes, a £12.6 million private jet, fees at some of the UK’s most expensive boarding schools for his children, first-class travel and exclusive hotels.
He owned a £600,000 fleet of armoured Range Rovers, a £120,000 Bentley and a £340,000 Mercedes Maybach that was shipped direct to his £3.2million mansion in Johannesburg.