Ibori was broke in 1999, say prosecutors
TWO of the major oil majors operating in the Niger Delta area have been indicted of entering into corrupt transactions with the jailed former governor of Delta State, Chief James Ibori. Chevron and Shell were indicted of refusing to produce written statements to back up the payments they said were made to MER Engineering, a company linked to Ibori. Southwark Crown Court was also told at the on-going hearing that the former governor had a cash balance of N425,000 at hand and his account with a bank on Victoria Island was overdrawn by N1.2 million when he assumed office as governor in 1999. Crown prosecutor, Sasha Wass and prosecution witness, detective constable Peter Clark, made these revelations at the hearing on Ibori’s case. Ivan Krolick, who is defending Ibori, was rounding off his cross-examination of Clark and had been contending the claims that the former governor’s source of wealth was from corrupt practices i...