The Daily Mail of London exposes the massive wealth of former governor of Delta State, James Ibori, who pleaded guilty to a 10-count charge of money laundering and conspiracy yesterday before a Southwark Crown Court in London.

His rise from DIY store worker to international playboy with a £250 million fortune is the stuff of dreams.

A few years after quitting his £5,000-a-year job as a cashier for Wickes, James Ibori had become one of Nigeria’s most influential and richest politicians.

He wasted no time spending his new-found wealth on luxury homes, top-of-the-range cars, five-star travel and fees at exclusive boarding schools.

But yesterday the 49-year-old stood shame-faced in the dock of London’s Southwark Court as he admitted stealing tens of millions of pounds from the oil-rich state he governed in Nigeria. Scotland Yard detectives believe his fraud could exceed £250million. http://trends.com.ng/2012/02/looted-wealth-james-ibori/