24.8 C
Nigeria
Sunday, October 25, 2020

$39m to be confiscated by UK from Ibori’s lawyer

The UK government on Thursday began moves to confiscate about $39 million from Bhadresh Gohil, a legal counsel to convicted former governor of Delta State, James Ibori.

Mr Gohil was one of Mr Ibori’s lawyers in his multi-billion naira trial in 2011 in London for money laundering.

On April 17, 2012, Mr Ibori was convicted by a UK court and sentenced to 13 years in prison after he was found guilty of stealing public funds valued at about $250 million belonging to the Delta State government during his tenure as governor.

Mr Ibori, who was the governor of the oil-rich Delta State between 1999 and 2007, was accused of stealing the funds in the V-Mobile shares deal he brokered with the Akwa Ibom State government.

Legal tussle

A Reuters report on Thursday said British prosecutors have opened a legal process to attempt to confiscate about £30.8 million (about $39.3 million) from Mr Gohil who was reportedly a willing conduit in the theft of public funds.

Mr Gohil was convicted and sentenced to 10 years imprisonment in 2010 on a 13 counts charge for money-laundering and related offences associated with his role in the crime.

The lawyer was named in the report as a partner in a London-based legal firm in the district of Mayfair, and reportedly assisted the convicted former governor to siphon stolen funds through shell companies and offshore accounts.

The bulk of the stolen funds were traced to transactions involving illicit acquisition of properties, including a London country house and a private jet valued at about $20 million.

The lawyer was accused of equally facilitating the fraudulent scheme through which about $37 million was stolen in phoney consultancy fees involving the V-mobile deal.

The report said hearing in the case was currently on at the London’s Southwark Crown Court, with lead prosecution counsel, Jonathan Kinnear, opening his case against Mr Gohil.

Mr Gohil is expected to be given the opportunity to call witnesses to disprove the evidence against him.

Receive Latest Updates on: WhatsApp: iR News Room, Facebook: Intel Region, Twitter: @intelregion, Instagram: @intelregion Telegram: iR News Room

Share your story with us: Facebook Messenger: Intel Region, SMS: +2347064212243, WhatsApp: +2347064212243, Email: [email protected]

Read More

Panel seeks compensation for victims of #EndSARS protest violence

The house of representatives committee on police says there is a need for compensation for victims of acts of violence during demonstrations against harassment...

BREAKING: NCC approves national roaming service trial for MTN and 9Mobile

The Nigerian Communications Commission (NCC) has granted approval to Mobile Telecommunication Network (MTN) Nigeria, and Emerging Markets Telecommunication Service Limited (EMTS) trading as 9mobile...

#EndSARS: NECO postpones SSCE exam indefinitely

The National Examinations Council (NECO) has postponed the ongoing Senior Secondary Certificate Examinations (SSCE) indefinitely following the crisis in the country over the #EndSARS protests.https://twitter.com/IntelRegion/status/1313421958080536581The...

JUST IN: Zero balance account opening to be promoted by CBN

The Central Bank of Nigeria (CBN) says it will promote the opening of new accounts with zero balance. https://twitter.com/IntelRegion/status/1313421958080536581This was contained in its report titled,...

#EndSARS: N10 million relief fund donated by NASFAT to victims of attacks

Nasrul-lahi-l-Fatih Society has enjoined Nigerian youths protesting against police brutality to embrace peace and dialogue for a prosperous and inclusive Nigeria.https://twitter.com/IntelRegion/status/1313421958080536581The Islamic group condemned...

BREAKING: Adamawa Government declares 24hours curfew throughout the state

Governor Ahmadu Fintiri has imposed a 24-hour curfew on Adamawa State.https://twitter.com/IntelRegion/status/1313421958080536581This is after the vandalisation of the government property by hoodlums who broke into...

BREAKING: CACOVID palliatives shared in Sokoto amidst looting in other states

The Sokoto State Emergency Management Agency (SEMA), on Saturday commenced the distribution of the Federal Government COVID-19 palliatives to beneficiaries at Isa, Sabon Birni and Gada...

#EndSARS: The current leaders are product of protests – Aare Ona Kakanfo

Aare Onakakanfo of Yorubaland, Iba Gani Adams, has restated his condemnation of the shooting of End SARS protesters.https://twitter.com/IntelRegion/status/1313421958080536581“Those in power today are products of...

Latest News

- Advertisement -

YOU MAY LIKE