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FG Receives £4.2m Ibori Loot From UK Govt

FG Receives £4.2m Ibori Loot From UK Govt
  • PublishedMay 19, 2021


Federal government of Nigeria has received the £4,214,017.66 looted funds recovered from family members and associates of former Delta State Governor James Ibori.

This was disclosed by Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN), who said that the British Government has paid the looted found to the Federal Government’s account.
Attorney-General of the Federation disclosed that Nigeria government was credited with the naira equivalent at May 10 2021.

Malami’s made the disclosure by his spokesman, Dr Umar Gwandu, in a press statement, quoted the AGF as confirming the receipt of the recovered loot.

According to him, “Malami signed a 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 fund in the execution of public oriented projects”, he stated.

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