Feb
28
2012
By Bruce Zagaris
On February 27, 2012, former governor of the Nigerian state of Delta pled guilty in a UK court to ten countrs of money laundering and conspiracy to defraud. The British prosecutor accused him of stealing US $250 million over an eight-year period from public funds of Delta.
In 2010, he was arrested in Dubai and later extradited to the U.K.
The conviction will be seen as a victory for better governance and integrity policies and as a step towards preventing and recovery stolen public assets.