A British court hearing in which prosecutors were seeking the confiscation of 90 million pounds ($145 million) in assets they say belong to a corrupt former Nigerian oil state governor ended inconclusively on Monday and will start afresh next year. James Ibori, who was governor of oil-producing Delta State in […]
Author: InvestAdvocate
IBORI: London Trial In Dramatic End For Lack Of Evidence
The London Metropolitan Police admitted in open court on the very last day of the assets confiscation trial, today, that they lacked enough evidence to support their allegations of fraud, corruption and money laundering against Chief James Onanefe Ibori, the former Governor of Delta State. However in a most surprising […]
World Bank cuts China, East Asia growth forecasts
The World Bank lowered its 2013 and 2014 economic growth forecasts for China and most of developing East Asia on Monday, citing slower growth in the world’s most populous nation as well as weaker commodity prices that have hurt exports and investments in countries such as Indonesia. “Developing East Asia […]
