World’s most corrupt property owners: Cecilia Ibru and James Ibori make the list

by Kolapo Olapoju

From a virtual tour conducted by Google Earth, two Nigerians are listed among the owners of valuable properties acquired with stolen funds and corrupt means.

The aerial snapshot of the overseas properties of former Governor of Delta state, James Ibori and former Managing Director of Oceanic Bank, Cecilia Ibru, are among the world’s most corrupt homes.

Also making the list of of six are former Libyan leader, Muammar Gaddafi, former President of Zaire, Mobuto Sese Seko, Imelda Marcos, wife of former President of the Philippines and Teodorin Obiang, the son of President Obiang of Equatorial Guinea.

The six corrupt persons have one thing in common; They have acquired choice real estate overseas, which have been seized by the government of the countries where they are situated.

Below is the list as compiled by Google Earth:

Cecilia Ibru’s charming Maryland home

Corrupt Ibru
One of the most prolific buyers of property on our tour is Cecilia Ibru, the former managing director of Oceanic Bank. She was sentenced to six months in prison for fraud and ordered to hand over $1.2 billion in cash and assets. Authorities seized an incredible 103 properties in the United States, Nigeria, South Africa, Dubai and London.

Teodorin Obiang’s Malibu mansion and Paris penthouse

Corrupt Obian
Teodorin Obiang, the son of President Obiang of Equatorial Guinea, has had estates seized in Malibu, California and Paris, as well as sports cars and Michael Jackson memorabilia valued at $1.8 million (including a while jewel-encrusted glove from the Bad tour).

Imelda Marcos’ luxury New York apartments – and Long Island mansion

corrupt marcos
Though famous for her vast shoe collection, Imelda Marcos, wife of former President of the Philippines Ferdinand Marcos, also had a penchant for New York real estate. The World Bank’s Stolen Asset Recovery Initiative estimates they siphoned between $5 to 10 billion from the country.

James Onanefe Ibori’s Texas mansion (with tennis court!)

Corrupt Ibori
The seized Texas mansion of Governor James Onanefe Ibori, who misappropriated millions as the governor of Nigeria’s oil-rich Delta State. Estimated Value: $1.7 million

Former Zaire President Seko’s seaside villa in southern France

Corrupt Seko
This $4 million villa in southern France was once owned by former President of Zaire, Mobuto Sese Seko. He plundered an estimated $4 to 5 billion from the country during his 32 years in power.

Muammar Gaddafi’s Roman palazzo

Corrupt Gadaffi
In 2012 Italian authorities seized more than $1.5 billion in assets controlled by the family of ousted Libyan leader Muammar Gaddafi, including this palazzo in Rome.

Comments (2)

  1. Hmmm stilling Nigerians money why some people are sufring may God help our country ooh

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