James Ibori, former Nigeria State Governor

In April 2012 James Ibori was sentenced to 13 years imprisonment at Southwark Crown Court

after admitting conspiracy to defraud amounting to £50 million. James Ibori, formerly one of

Nigeria's wealthiest and most influential politicians admitted stealing money from Delta state and

laundering it in London through a number of offshore companies. At the time, the judge said that

the £50 million valuation was ‘ludicrously low’ with the police indicating figures in excess of

£250 million. The court was told that Ibori had accepted he was involved in 'wide-scale theft,

fraud and corruption when he was governor of Delta state'. As governor of Delta state, Ibori

racked up credit card bills of $200,000 a month and owned a fleet of armored Range Rovers. He

was trying to buy a plane for £20 million at the time he was arrested. Once seen as one of

Nigeria's wealthiest and most influential politicians, Ibori was seized in 2010 in Dubai at the

request of the Metropolitan police and extradited to London. His wife, Theresa Ibori, sister,

Christine Ibori-Idie, mistress, Udoamaka Okoronkwo, and London-based solicitor Bhadresh

Gohil were all convicted of money laundering linked to the corruption.

d. State five sources of information for investigating financial crime (5 marks)

1. A source of information for the financial crime committed above information

from physical evidence of James’s credit card bills which will be come from his
financial information. Physical evidence is concrete proof connecting directly to
the crime.

2. A source of information for the financial crime committed above is James Ibori’s
fleet of armored range rovers that he owned which were valued at a high price.
This is also another form of physical evidence.
3. A source of financial crime committed above is Anti Money Laundering
Disclosures.

4. A source of financial crime committed above is Criminal records and intelligence

by checking Mr. Ibori background keenly.

5. A source of financial crime committed above is Corruption which is defined as

the misuse of delegated power for private gain in which he used legitimate
businesses to cover up his money laundering scheme.