Ibori: Delta Money Not Missing – Group Slams FG

Chief James Ibori who is in the news over reports of the repatriation of £4.2 million from his associates has been exonerated of theft with a group, the Oghara Development Union (ODU) saying that the former governor did not loot the state’s treasury.

The group in a statement on Tuesday said that all assets linked to Ibori were purchased legally and that all properties have been obtained before Ibori became a governor.

The statement was signed by its General Secretary, Chief Sunday Agbofodoh.

 GreenWhiteGreen GWG reports that the controversy arose following the guilty plea made by Ibori in the money laundering charges brought against him in a London court. Some of his associates including family members were also convicted over the money laundering charges.

The Oghara group, however, accused the United Kingdom of under-declaring the money reportedly forfeited by three women associated with former governor James Ibori, as it claimed that the amount forfeited was £6.2 million and not the £4.2 million as declared.

The group also said that the London house linked to the former Mrs. Ibori at Hampstead was owned by a family trust which it said was purchased by MER engineering.

The shareholding for the company according to the group was was held by his family trust. It said that MER had obtained a facility loan from the defunct New Nigeria Bank, NNB, a Nigerian bank to purchase the property.

The strong defence for Ibori from the Oghara group, however, will not be surprising as the former governor is from Oghara.

The controversy arose after the United Kingdom on Tuesday signed an agreement with the Federal Government to repatriate the money claimed to be £4.2 million from the funds said to have been confiscated from the Ibori associates including his wife at that time, sister and a supposed lover.

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