Ibori to face another trial in London over asset confiscation

• Re-arrested in London

Former Governor of Delta State, James Ibori who recently completed his prison term at Her Majesty’s Prison in Bedford has been re-arrested in the United Kingdom.

Although James Ibori re-arrest is still shrouded in mystery, but National Daily gathered that it may not be unconnected with another charge that borders on the confiscation of his assets, estimated to be about 250 million pounds.

It was also gathered that the new charge which was earlier billed for May, will now be up in June due to the new development.

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Ibori, 57, had been jailed for using UK financial institutions to misappropriate hundreds of millions of pound sterling he stole from public funds in Delta state and his journey to jail began with his arrest on May 13, 2010 in Dubai, United Arab Emirates.

He was nabbed under Interpol arrest warrants issued from United Kingdom courts and enacted by the Metropolitan Police.

Ibori also recently reacted to claims by Abubakar Malami, Nigeria’s minister of justice and attorney-general of the federation (AGF) that the federal government will soon recover £6.9 million stolen funds frittered away by him.

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In a statement issued on his behalf by Tony Eluemunr, his media aide, Ibori said: “There is no Ibori loot anywhere in the world. Such money, whether in British pounds, American dollars or the Nigerian naira does not exist. This is because the Ibori London trial is not yet over.

“It is an incontrovertible fact that the confiscation hearing has not started at all, and remains months away into the future.”

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The ex-governor, who reportedly completed his prison terms in the United Kingdom bagged a 13-year jail term in April 2012 by a Southwark Crown court in London and was released by prison authorities on January 22.

He finished his prison term at Her Majesty’s Prison in Bedford, outside of London, after initially being held at the Long Lartin Prison in Worcestershire.