Former Delta State First Lady, Theresa Ibori on Saturday, appeared before the
Southwark Crown Court in London and confessed to spending millions of Pounds Sterling stolen from Delta State on choice properties in the Westover area of London. According to Saharareporters, an online medium, Mrs Ibori testified that the properties were purchased in her name with the funds.
The former first lady the report added was ordered to refund £5.175 million (about N1.3bn) in one year with a caveat that if the money was not returned, she must be ready to serve an extra 10 years in prison.
Madam Ibori was said to have accepted the court’s decision to sell her 7 Westover Hill Mansion and another one known as Great Ground Property after which, she was returned to prison where she is currently serving a 5 year jail term for money laundering.
Mr. Ibori, her husband and former Delta State helmsman from 1999-2007, is currently awaiting trial in the United Kingdom after being successfully extradited from the United Arab Emirates. He also faces money laundering charges.
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