Nigerian politician admits financial crime

London – A former governor of Nigeria’s oil-rich Delta state has pleaded guilty in London to charges of money-laundering and conspiring to defraud.

James Ibori entered his plea on Monday at Southwark Crown Court. He is to be sentenced on April 16.

Paul Whatmore of the Metropolitan Police anti-corruption unit said the force was seeking to confiscate all of Ibori’s stolen assets so that they could be returned to Nigeria.

Police have said they believe Ibori stole as much as $250m of public funds.

– AP

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