Tuesday, November 23, 2010

London Money laundering Trial:

Theresa Ibori, the former First Lady of Delta State, is going to prison for between two- five years.

The London jury in her Southwark Crown Court trial returned their verdict today after she was found guilty on two counts of money laundering. James Ibori's United Kingdom lawyer, Mr. Bhadresh Gohil, who was on trial with Theresa, has been found guilty on all counts of money laundering. He has been remanded in police custody.


Mr. Gohil will be sentenced after the conclusion of another trial involving the laundering of proceeds of V-Mobile shares by James Ibori, Henry Imashekka, David Edevbie and former Akwa Ibom governor, Victor Attah. The trial will start on Monday.

In a previous trial, the court had also sent to prison Ibori's sister, Christine Ibori-Ibie; and  his mistress, Udoamaka Okoronkwo-Onuigbo.

The main culprit, James Ibori, awaits extradition to the UK to face three set of trials relating to money laundering and theft of delta state resources.

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