Saturday, 26 October 2013
Nigeria: Delta State Government Loses Bid To Reclaim Ibori's $15m Bribe Money.
The Delta State Government, yesterday, failed to persuade the Abuja Division of the Federal High Court to grant it ownership of the $15million that was allegedly offered to the Economic and Financial Crimes Commission, EFCC, in 2007, by convicted former Governor of the state, Chief James Ibori.
In a judgment he delivered yesterday, Justice Gabriel Kolawole, ordered that the money which has been in custody of the Central Bank of Nigeria, CBN, since April 26, 2007, be forfeited to the Federal Government, saying the Delta State Government failed to produce satisfactory evidence establishing that Ibori looted the controversial money from its treasury while in office as Governor between May 1999 to May 2007. CONTINUE.