On 2nd September 2019, following a contested Proceeds of Crime Act hearing, Southwark Crown Court made a confiscation order requiring Ellias Preko to pay £7,324,268.41 within 3 months, with a term of 10 years imprisonment to be served in default. Mr Preko was convicted in 2013 of money laundering offences arising from his involvement with James Ibori, the former governor of Delta State, Nigeria.

Michael Newbold, led by Jonathan Kinnear QC, acted for the Crown in the confiscation proceedings, instructed by CPS Proceeds of Crime.

 

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