The federal government on Tuesday announced the receipt of the contentious £4,214,017.66 Ibori loot from the United Kingdom.
The money was recovered by the UK government from associates and family members of the former governor of Delta Mr. James Ibori as proceeds of crime.
The attorney general of the federation and minister of Justice, Mr. Abubakar Malami confirmed the development in a statement issued in Abuja by media aide Dr Umar Gwandu.
The money, according to the statement “has been credited into the designated federal government account with naira equivalent value of the amount as of May 10, 2021.”
“The attorney general of the federation and minister of Justice, Abubakar Malami, SAN signed memorandum of understanding for the repatriation of the Ibori loot on behalf of the federal government of Nigeria.
“The development, according to Malami, was a demonstration of the recognition of reputation Nigeria earns through records of management of recovered stolen Nigerian stolen in the execution of public oriented projects,” the statement added.
The AGF remarked that the development was a demonstration of the recognition of Nigeria’s transparency in the deployment of recovered loot into public oriented projects.
Details later….
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