James Ibori pleads guilty to fraud & money laundering charges

Embattled former Governor of Delta State, James Ibori, who is facin trial of money laundery in the UK today pleaded guilty to 10 counts charges of money laundering, fraud, conspiracy to defraud, and other offenses in a London court. He pleaded guilty to stealing over $250 million in public funds.
Britain's Department for International Development said today that Ibori “systematically stole funds” during his two terms as governor and deposited the money in bank accounts around the world. It says the money he stole was equal to $60 for every person in Delta state, and that the money could have provided education or clean water for more than 400,000 poor Nigerians. And they've promised that the money stolen by Ibori will be returned to Delta State.
The judgement will be delivered in April when sentence will made.