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#PanamaPapers: James Ibori Exposed, Among 140 People in the World With Hidden Assets

Ibori Panama

Former Delta state governor, James Ibori has been indicted in a massive tax evasion scandal and allegations of corruption made by Panama Reports released in Panama, a tax haven where many wealthy people go to invest their money due to the free tax laws in the country.

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Read the full report from Panama

Ibori admitted using his position as governor to corruptly obtain and divert up to $75 million out of Nigeria through a network of offshore companies, although authorities alleged that the total amount he embezzled may have exceeded $250 million

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