Ibori offers to set up development fund with stolen billions | Welcome to Linda Ikeji's Blog

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Friday 11 March 2011

Ibori offers to set up development fund with stolen billions

In a desperate bid to save himself from arrest and prosecution, former Delta State governor, James Ibori, offered to surrender a huge chunk of his stolen billions to a trust fund that could finance development projects, according to a leaked U.S. diplomatic cable made available to NEXT.

The September 24, 2009 dispatch reported that Mr. Ibori, shortly before escaping to the United Arab Emirates after the Economic and Financial Crimes Commission closed in on him, approached the United States embassy in Abuja for a deal that would have him give up between 20 and 50 percent of his loot in return for promises by foreign governments not to prosecute him. The former governor, the cable said, approached the embassy through a U.S. businessman and reputed lobbyist in the Washington, DC area, who estimated Mr. Ibori's stolen wealth to be about $3billion (N45 billion).

You can read the rest of the story at 234next.com

8 comments:

Anonymous said...

Thats N450 Billion ma...not N45 Billion.

Uche Kalu said...

NO WAY!!!!! Not only should he return our money, he should go to JAIL!! Hopefully that will end his political career. UAE, PLEASE extradite him to UK now!!! what are you waiting for? Una own egunje?

hater said...

humph! i don tire for this country!

thief wan give money to another set of thieves nkwan?

450bil? god of thunder punish am and the people who joined him in bleeding nigeria dry!

Anonymous said...

they should take all that money and use to rebuild schools or hospitals or roads or something. i guess the idea can't be that bad. i just want to make sure Ibori has NOTHING to do with it and is handling NONE of the money. corruption seems to be everywhere.

Chilling said...

Bloody waste of time. Too late in the day please. A la Monoploy; go to jail, go/move directly to jail, do not pass Go and do not collect 200!

Kazbeat said...

He must serve his punishment, wat kind of useless deal is dat EFCC OR FED. GOVT. should not charge him or prosecute him...... 450 billion naira, money 4 10 to 15 million population people in nigeria. yet most Nigerians are still suffering and dis useless human being go hide himself 4 one fine place..

Iheakor O. said...

Ibori, should be sent to jail for a very long period of time for all the atrocities He had comitted like wise Igbenideon and so many of them like that should be indicted to face the music cos they have diverted state found in their posession to their private bank accounts.they have failed Nigerians,corruption has eating up PDP governors like cancer. it's a big shame.

Anonymous said...

What, Ibori even harbored ambitions to become Nigeria's president? Whether or not we like it, Obasanjo did Nigeria a huge favour in putting his clout behind Yar'adua (no, I am neither Igbo, Hausa nor Yoruba in case you are wondering). In anycase, it is very unlikely Nigerians would have voted for him but then again, Nigeria is weird country- remember people lined up the streets to welcome Bode George from prison!

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