Ibori hid assets in Oando – British prosecutor

Convicted former Delta State Governor, Chief James Ibori, hid some of his assets in an indigenous integrated oil company, Oando Plc, according to a British prosecutor.

The prosecutor was quoted by Reuters in a report on Monday as saying that the former governor, who is serving a 13-year jail term in the United Kingdom for fraud and money-laundering, hid some of his assets in the oil firm; adding that money passed from Oando’s accounts into Ibori’s Swiss accounts.

Ibori had in February 2012 pleaded guilty to 10 counts of fraud and money-laundering worth

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