Court Orders Forfeiture Of Ibori’s $15m Bribe Money

A  Federal High Court in Abuja on Tuesday granted an interim order forfeiting to the Federal Government $15m said to have been received by the Economic and Financial Crimes Commission from an undisclosed agent of former Delta State Governor James Ibori in 2007 as a bribe to compromise its investigation.
The money has been kept in the strong room of the Central Bank of Nigeria as an unclaimed property since August 2007.

Justice Gabriel Kolawole upheld the FG’s claim that the said sum, “if left untouched and unspent in the state it was kept in the strong room since April 2007, may eventually be destroyed, defaced, mutilated and become useless.”

Source: PUNCH