THE hunt by the Crown prosecution for the hidden assets of former Delta State governor, James Ibori, suffered a set-back yesterday at the Southwark Crown Court, United Kingdom (UK), when the judge, Mr. Anthony Pitts, upheld an objection that a vital document linking Ibori to a substantial holding of the shares of Oando Oil Plc should not be admitted as exhibit.
The court was told that “Ibori operated a series of companies “and that “the prosecution is right to put the court in the full picture.” She then produced and read a letter dated September 2, 2004, written on behalf of a company, Edgeware Resources Ltd, and which has as directors, J. A. Tinubu, Messrs Okoloko, Osifo and Boyo. According to the letter, the directors are holding 890,625 shares in Oando Plc on trust for another company linked to the former governor.
The hearing continues on Monday.
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