·
James Ibori bought a
portfolio of luxury London homes and a fleet of armoured Range Rovers
·
Fraudster may have
stolen $250million from Nigerian coffers as he rose through the ranks
·
He spent £15,000 in
two-day stay at London's
The lanesborough hotel
·
He owned SEVEN
properties in Britain
·
Ibori, 49, siphoned off
millions by inflating state contracts
His rise from DIY store
worker to international playboy with a £250million fortune is the stuff of
dreams.
A few years after quitting his
£5,000-a-year job as a cashier for Wickes, James Ibori had become one of Nigeria's most
influential and richest politicians.
He wasted no time spending his
new-found wealth on luxury homes, top-of-the-range cars, five-star travel and
fees at exclusive boarding schools.
But yesterday the 49-year-old stood shame-faced in the dock
of London's Southwark Court as he admitted stealing
tens of millions of pounds from the oil-rich state he governed in Nigeria.
Scotland Yard detectives believe his fraud could exceed £250million.
He was on trial in the UK because much of the stolen money was
laundered through his London
office.
Ibori moved from Nigeria to West London
in the late 1980s and was found guilty of stealing goods from the Wickes store
he worked at in Ruislip in 1990.
A year later he was convicted of handling a stolen credit card. He moved back to Nigeria and
worked for its president, Sani Abacha, as a policy consultant.
Rising quickly through the ranks of the
ruling People's Democratic Party, he was voted governor of Delta State
in 1999, winning re-election four years later.
In power, he systematically stole from
the public purse, taking kickbacks and transferring state funds to his own bank
accounts around the world.
He was helped by family members, including his wife Theresa,
sister Christine Ibori-Ibie, his mistress Udoamaka Oniugbo, and Mayfair lawyer Bhadresh Gohil.
A massive police investigation into
Ibori's activities revealed he had bought six properties in London, including a six-bedroom house with
indoor pool in Hampstead for £2.2million and a flat opposite the nearby Abbey Road
recording studios.
There was also a property in Dorset, a
£3.2million mansion in South Africa
and further real estate in Nigeria.
He owned a fleet of armoured Range
Rovers costing £600,000 and a £120,000 Bentley. On one of his trips to London he bought a Mercedes Maybach for more than £300,000
at a dealer on Park Lane
and immediately shipped it to South
Africa.
He bought a private jet for £12million,
spent £126,000 a month on his credit cards and ran up a £15,000 bill for a
two-day stay at the Lanesborough hotel in London.
Prosecutor Sasha Wass told the court
Ibori concealed his UK
criminal record, which would have excluded him from office in Nigeria.
He was never the legitimate governor and there was
effectively a thief in government house,' Miss Wass said. 'As the pretender of
that public office, he was able to plunder Delta State's
wealth and hand out patronage.'
The court heard Ibori abused his position
to award contracts to his associates including his sister and his mistress.
Scotland Yard began its investigation
into Ibori after officers found two computer hard drives in his London office that
revealed his criminality.
He was arrested by the Nigerian Economic and Financial
Crimes Commission in December 2007, but two years later a court in his home
town, Asaba, dismissed the charges saying there was not enough evidence.
When the case was reopened by Nigerian
authorities in April 2010, Ibori fled to Dubai
where he was detained at the request of the Metropolitan Police and extradited
to the UK
last April.
In a packed courtroom Ibori, dressed in
a dark grey suit and black shirt, appeared in the dock to enter ten guilty
pleas to fraud, money laundering and conspiracy on what was due to be the first
day of a 12-week trial.
His wife, his mistress and his sister were all jailed for
five years each for money laundering offences following earlier trials.
Last March, Gohil, 46, and described as
Ibori's London-based lawyer, was jailed for seven years for his role in the
scam.
Attempts will be made to confiscate as
much of Ibori's money and assets as possible so that they can be returned to Nigeria.
The Met's Detective Inspector Paul
Whatmore said: 'It is always rewarding for anyone working on a proceeds of
corruption case to know that the stolen funds they identify will eventually be
returned to some of the poorest and most vulnerable people in the world.'
Ibori will be sentenced on April 16 and
17.