Police confiscate more than £100,000 from Finsbury Park cocaine dealer

Drug dealer Nicola Gibbs, has six months to pay the outstanding £19,814

Drug dealer Nicola Gibbs, has six months to pay the outstanding £19,814 - Credit: Archant

A cocaine dealer who is serving a six-year jail sentence has had £111,000 confiscated by police under the proceeds of crime act.

Nicola Gibbs, xx, was arrested after police found a large amount of cannabis and cash and an unlicensed bar at her property in Leeds Place off Tollington Park.

After searches at further properties connected to Gibbs officers uncovered £63,448 worth of cocaine and cannabis as well as £13,545 in cash.

She was sentenced to six years in prison at Blackfriars Crown Court in February after pleading guilty to possession with intent to supply a class A drug and several other drug related offences.

Following the arrest various bank accounts belonging to Gibbs were also identified and frozen using powers of a Restraint Order under Proceeds of Crime Act 2002.

On Monday, a confiscation order for £111,693 was granted and Gibbs signed over £91,879. She was given six months to pay the remaining £19,814.

Det sup Stuart Ryan, of Islington CID, said: “This sends out a clear message to those who try to profit from crime that we will endeavour to recover any proceeds gained from illegal activities.

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“The Proceeds of Crimes Act allows us to pursue, through the courts, another course of punishment and reinforces the message that crime doesn’t pay.”