Former Edo Gov. Igbinedion Broke, His Business In Ruins After Losing N3.3billion To Venezuelan Conmen

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Although money laundering cases against him show that Lucky Igbinedion may have stolen several millions of dollar from the treasury of Edo State during the eight years he was governors, details from a court case he instituted against Venezuelan state owned oil company, Petroleos De Venezuela S.A (PDVSA) and alleged conman, Fransisco Gonzalez, suggest that the scam may have caused serious damage to his finances. In 2007 the ex-governor lost over N3 billion to Venezuelan fraudsters in a botched fuel import deal. He has since instituted a $600 million suit against PDVSA and Mr. Gonzalez in a U.S. District Court in New York.