Ghanaian Elias Preko Who Helped Disgraced Ex-Governor James Ibori To Steal Delta State's Money Risks Another 10 Years In Jail | Sahara Reporters Judge David Tomlison ordered Preko to pay back £7,324.268.41 following a confiscation hearing. READ MORE:
A former Goldman Sachs banker who helped a corrupt Nigerian politician, ex-governor James Ibori, hide a fortune in offshore accounts has been ordered to pay back £7.3 million or face 10 years more in jail.
The court heard how he pocketed up to £160 million from government treasuries, depriving some of the world’s poorest people of the cash. "There is a different concept of work there, the difference being everything is cash. Most of the time, people who donate money they donate it to two or more parties and hedge their bets.Preko told how he had many political contacts in the African nation. His father-in-law who was a former cabinet minister and helped him run for parliament.
"I used to be on the board of the central bank of Ghana. Prince Audu took an interest in me because he was also a former banker. "I spent money to attempt some acceptance because I had been out of the country for so long," he said. "If you go to the grass roots you have to spend money. I gave money to women to build schools, provide scholarships, just to get my name out there."
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