FG confirms receipt of £4.2m Ibori loot

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Returned £4.2m Ibori loot, not in our coffers yet -Delta Govt

Nigeria has received the £4.2 million that the British Government recovered from family members and associates of former Delta Governor, James Ibori.

This is contained in a statement issued by Minister of Justice, Abubakar Malami’s Special Assistant on Media and Public Relations, Dr Umar Gwandu on Tuesday in Abuja.

He said the amount has been credited into the designated Government account with naira equivalent value of the amount as at May 10.

Recall that the Minister had signed Memorandum of Understanding for the repatriation of the Ibori loot on behalf of the Federal Government of Nigeria with the UK.

The development, according to Malami, was a demonstration of the recognition of the reputation Nigeria earned through records of management of recovered Nigeria’s stolen funds in the execution of public oriented projects.

Read Also:Gov Abiodun’s Aide Abidemi Rufai Faces 30-Year Prison Term For $350k Scam In America

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