Nigeria Receives £4.2m James Ibori Loot
Nigeria has received £4.2 million from the United Kingdom, which was taken from friends of convicted former Governor of Delta State, James Ibori.
This is according to Abubakar Malami, the Minister of Justice and Attorney-General of the Federation, who made the announcement on Tuesday through his spokesman, Dr. Umar Jibrilu Gwandu.
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He acknowledged that the “Federal Government of Nigeria has received GBP 4,214,017.66 of loot related with former Delta State Governor, James Ibori’s family members.”
“The sum has been credited into the appropriate Federal Government account with naira equivalent value of the amount as of 10th May 2021,” according to the announcement.
On behalf of the Federal Government of Nigeria, Malami is alleged to have signed a Memorandum of Understanding for the repatriation of the Ibori treasure.
The development, according to the Minister, demonstrates Nigeria’s reputation earned through records of management of recovered stolen Nigerians stolen in the completion of public-oriented projects.
Malami said on May 3 that the United Kingdom would repatriate the stole funds to Nigeria at any time.
He had stated that President Muhammadu Buhari’s administration was working round the clock to ensure the restoration of looted Nigerian assets held outside the country’s borders, and that the Federal Government of Nigeria was in contact with the UK government on the issue.
“Documents with banks in other countries frequently take longer than expected. We expected two weeks, but we don’t have control over the banks.
“There is no room for complacency or delay,” he added, adding that measures are being undertaken to facilitate the successful transfer of the looted funds.
He stated that the federal government is working diligently to ensure that the transition occurs smoothly.