A former governor of Delta State, James Ibori, on Friday appeared before a Southwark Crown court for his asset forfeiture hearing.
Ibori, who regained his freedom in December 2016 after spending four-and-a-half years in a United Kingdom prison for money laundering, may forfeit assets worth about £250m should the judge rule against him, according to The Cable.
The British Government had accused Ibori of stealing about $250m from the Delta State Government part of which was used in buying six houses and luxury vehicles in the UK, the United States and South Africa. The PUNCH had reported earlier that Delta State may not get anything from the assets and the money which the UK claims he stole from the state.
The Delta State Government has already permanently forfeited $15m of the Ibori loot to the Federal Government for failing to cooperate with the Economic and Financial Crimes Commission to bring Ibori to justice.