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"I Once Received $15million Bribe From Ibori" - Reveals Nuhu Ribadu - Politics - Nairaland

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Nigeria To Receive Another $750m (n150 bn) From Abacha’s Loot; N2bn From Ibori’ / Ribadu Speaks On $15m Bribe From Ibori / SSS Probes EFCC Chairman, Lamorde, Over N80m Bribe Collected From Ibori Loot!!! (2) (3) (4)

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"I Once Received $15million Bribe From Ibori" - Reveals Nuhu Ribadu by Onwe101(m): 5:49pm On Sep 20, 2013
This news is as culled from Channels TV:
Desperate to halt a probe into his finances, governor
James Ibori tried to bribe former anti-corruption boss
Nuhu Ribadu in 2007 with $15 million in cash in a
bag so heavy one man alone could not lift it, Ribadu
told a London court on Thursday.
Ribadu said he pretended to take the bribe because
he wanted the cash as evidence to use against Ibori
in a prosecution, but rather than keep the money for
himself he had it taken straight to the Central Bank
of Nigeria to be kept safe in a vault. Continue..
Ribadu told the court that about $1 billion flowed
from federal government accounts into Delta State
coffers during Ibori’s eight years in power, and he
estimated Ibori had stolen or wasted more than half
of that amount.
The charges to which Ibori pleaded guilty amount to
the theft of about $80 million, but British prosecutors
say that was only part of his total booty, which was
kept hidden via a complex web of shell companies,
offshore accounts and front men.
Ribadu, who was chairman of Economic and Financial
Crimes Commission (EFCC) from April 2003 to
December 2007, was giving evidence at a
confiscation hearing in which prosecutors are seeking
court orders to have Ibori’s assets seized.
Under Nigeria’s constitution, state governors enjoy
immunity from prosecution but are limited to two
terms in office. With the end of his second term
looming in April 2007, Ibori was worried the EFCC
were planning to prosecute him, Ribadu said.
“He was very desperate to terminate the
investigation,” he told the court.
In late April 2007, a meeting was arranged between
the two men at a “neutral place”, the house of Andy
Uba, a close associate of former President Olusegun
Obasanjo.
Ibori arrived at the house with several members of
his staff and a very large black sack containing $15
million in cash. Ribadu said he watched as two of
Ibori’s men lifted the heavy sack and handed it over
to his own EFCC staff. “It was a bag that an individual
could not carry alone,” he said.
The EFCC men drove the bag to the central bank
where the money was counted and boxed into
smaller containers. The court was shown
photographs of the boxes of cash.
“I have given you money Nuhu, just give me my
clearance,” Ribadu quoted Ibori as telling him after
those events.
Instead, the EFCC continued to investigate Ibori’s
affairs and had him arrested on corruption charges
on December 12, 2007.
It will be recalled that the Delta state government
had approached the court asking that the money
belonged to the state government and should
therefore be returned to the state. The EFCC are
however opposed to the return of the money to the
state.
The EFCC says that “that the said sum of $15 Million
cannot be traced to any account owned or being
operated by the Delta State Government or any of its
agencies and officials”.
Re: "I Once Received $15million Bribe From Ibori" - Reveals Nuhu Ribadu by fernandoc(m): 6:00pm On Sep 20, 2013
Ur lucky am not related to u. Would av disowned u for refusing such amount of money
Re: "I Once Received $15million Bribe From Ibori" - Reveals Nuhu Ribadu by OAM4J: 6:11pm On Sep 20, 2013

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