Ibori loses $15million Ribadu bribe to FG

The Federal Government has been ordered by a court to take control of the $15 million allegedly offered as bribe by James Ibori, former Governor of Delta State.

The money was put in the Central Bank of Nigeria by former Chairman of the Economic and Financial Crimes Commission (EFCC), Nuhu Ribadu, after it was offered to him by Mr.  Ibori.

The former governor bribed Mr. Ribadu in order for the EFCC to stop the former’s investigation and also stop its co-operation with the London metropolitan police.

Mr. Ibori has since been sentenced to 13 years in the UK for money laundering and theft of public funds while he was governor.

Just last week, a ruling by a US court saw Mr. Ibori forfeit asset worth $3 million to the United States.

More details later…

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