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Monday, April 16, 2012

''Sentencing of former Nigerian politician highlights London’s role as world-leading money laundering centre''

From Ian Fraser Blog

"Barclays, Citibank, HSBC and Abbey National (now owned by Santander) helped to launder some $250 million for James Ibori,  former the former governor of Nigeria’s oil-rich Delta State. The money was almost entirely siphoned from state funds. Ibori has been described by Sahara Reporters as:-
“one of the most ingenious and mindless embezzlers of state resources of all former Nigerian state governors” awaits sentencing in Southwark Crown Court."

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