UK freezes Nigeria financier assets

British authorities block funds and property belonging to presidential ally.

    President Yar Adua's reaction is likely to be seen
    as a test of his stance on corruption [AP]

    Ibori's tenure as governor ended on May 29 and Nigeria's state governors lose their immunity from prosecution when their term's end.
     
    Last Thursday, Southwark Crown Court in London granted a police application to freeze assets worth 17 million pounds ($35m).
     
    Nigerian media reported over the weekend that the assets included properties, cash and a private jet.
     
    There was also speculation that the British move against Ibori would be a prelude to his arrest and prosecution in Nigeria.
     
    Changing attitudes
     
    Ibori has close ties to the presidency.
     
    He accompanied Umaru Yar Adua, elected as Nigeria's president earlier in the year, on almost every stage of his electoral campaign and bankrolled much of it.
     
    If Ibori is arrested in Nigeria, how the new president reacts is likely to be seen as a test of his stance on corruption.
     
    Ibori is the third Nigerian governor to fall foul of British law since a new Proceeds of Crime Act was introduced in 2002.
     
    Previously, two former governors were charged with money laundering but both jumped bail.
     
    Britain, Nigeria's former colonial ruler, has for decades been a popular destination for Nigerian politicians buy properties and send their children to study in private schools.
     
    British police have worked closely with Nigeria's anti-corruption Economic and Financial Crimes Commission (EFCC), created in 2003, and the British crackdown is seen as a reflection of changing attitudes within Nigeria.
     
    Under Olusegun Obasanjo, Nigeria's former president, the EFCC was widely criticised for targeting his opponents but leaving his friends undisturbed.
     
    Since Obasanjo handed over power to Yar Adua in May, the EFCC has begun prosecuting five former state governors, raising hopes that Yar Adua intends to crack down on corruption.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    'Money can't buy us': Mapping Canada's oil pipeline battle

    'Money can't buy us': Mapping Canada's oil pipeline battle

    We travel more than 2,000km and visit communities along the route of the oil pipeline that cuts across Indigenous land.

    Women under ISIL: The wives

    Women under ISIL: The wives

    Women married to ISIL fighters share accounts of being made to watch executions and strap explosives to other women.

    Diplomats for sale: How an ambassadorship was bought and lost

    Diplomats for sale: How an ambassadorship was bought and lost

    The story of Ali Reza Monfared, the Iranian who tried to buy diplomatic immunity after embezzling millions of dollars.