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VOL. 7, NO. 2097 WEDNESDAY, APRIL 18, 2012
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Ibori bags 13 years in jail Prosecution to seek seizure of ex-Delta governor’s assets From Vincent Ikuomola,
Waziri: banks aided pension cash looting
Abuja
T
HE sensational life of former Delta State Governor James Onanefe Ibori crashed yesterday at a London court. He was jailed for 13 years after admitting fraud totalling nearly £50 million. And the £50 million figure may prove to be “ludicrously low”, said Judge Anthony Pitts as he sentenced Ibori for a series of offences, including fraud and money-laundering. “In the light of other matters, perhaps that is a ludicrously low figure and the figure may be in excess of £200 million, it is difficult to tell,” he told Southwark Crown Court in London. “The confiscation proceedings may shed some further light on the enormity of the sums involved.” Ibori pleaded guilty earlier this year to a series of charges linked to the theft of money from the state and fraud involving state-owned shares in a mobile phone firm, VMobile. He admitted one count of conspiracy to launder money, five of money-laundering and one of obtaining a property transfer by deception over the theft SEE of more than £25 milwhile he was ALSO lion governor. PAGES He also pleaded 4 & 5 guilty to conspiracy to defraud, conspiracy to make false instruments, and one count of money-laundering linked to a 37 million US dollar (£23 million) share fraud surrounding the sale of shares in Nigerian company V Mobile. Ibori, whose address in England was given as Primrose Hill in north London, was previously a cashier in a DIY store in Ruislip, west London, before he moved to Nigeria and worked his way up the ranks to become a governor in 1999. Prosecutor Sasha Wass told the Continued on page 2
From Onyedi Ojiabor and Sanni Onogu, Abuja
B
•Anti-Ibori protesters outside the court ... yesterday.
THE CRIMES IBORI ADMITTED •Conspiracy to launder money •Conspiracy to defraud •Conspiracy to make false instruments •One count of obtaining a property transfer by deception over the theft of more than £25 million •One count of money-laundering linked to a $37 million
•Ibori
ANKS colluded with civil servants to siphon billions of pension fund cash, Mrs Farida Waziri told senators yesterday. The former chairperson of the Economic and Financial Crimes Commission (EFCC), who appeared before the Senate Committee probing the management of the pension fund, recollected how a bank laundered N350m in 30 minutes. She also told the panel that she travelled out of the country immediately after her removal because she got death threats. Mrs Waziri described the fraud perpetrated in pension fund offices as “monumental” and “unbelievable”. She said: “The fraud that was discovered was monumental and shocking because I could not believe that civil servants could do this to themselves. “Those who were behind this monumental fraud should have known that one day they too will become pensioners. “The fraud was a big shock to me. I felt that we Continued on page 2
PDP defends Jonathan’s right to run in 2015
T
HE Peoples Democratic Party (PDP) yesterday joined the debate over the President’s political future, saying if Dr Goodluck Jonathan runs in 2015, he will not hurt any Nigerian’s right to contest against him. The party also said the President is in his first term, which will end in 2015.
From Yusuf Alli, Abuja
The party’s stand on the controversy, which is the subject of a legal battle, is stated in a notice of preliminary objection to an application to stop Jonathan from running. It urged the High Court of the Federal Capital Territory to dismiss the suit filed by a member of the party, Mr. Cyriacus Njoku.
The applicant had, through his counsel, Mr. Osuagwu Ugochukwu, raised two questions for determination by the court. These are: •Whether Section 135(2) of the Constitution, which specifies a period of four years in office for the President, is only available or applicable to a person elected on the basis
of an actual election or includes one in which a person assumes the position of President by operation of law, as in the case of Dr. Goodluck Jonathan; and •whether Section 137(1) (b) of the Constitution, which provides that a person shall not be qualified for elecContinued on page 2
•Mrs Waziri
•CITYBEATS P6 •MONEY P14 •SPORTS P23 •LIFE P29 •POLITICS P43