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JUST IN: FG Receives Ibori £4.2m Loot

JUST IN: FG Receives Ibori £4.2m Loot

Aledeh News reports that the federal government has received the £4.2 million loot recovered from the former governor of Delta State, James Ibori, and his associates.

On March 9, the United Kingdom had promised to return the recovered loot.

The Attorney-General of the Federation, Abubakar Malami, confirmed this through his spokesman, Umar Gwandu, in a statement on Tuesday.

Gwandu said: “The amount has been credited into the designated federal government account with naira equivalent value of the amount as of 10th May 2021.

“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.”

Malami had said the recovered loot will be used to fund three infrastructural projects — Lagos-Ibadan, Abuja-Kano expressways, and the second Niger bridge.

Although the Delta government had noted that the money ought to be returned to the state, the AGF however, stated that the law which Ibori breached is a federal law, and not that of the state.

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