Ibori loot has arrived: Malami
Nigeria has received the £4.2 million the British Government recovered from family members and associates of former Delta Governor, James Ibori, Attorney-General Abubakar Malami has announced.
The justice minister had a fortnight ago said the repatriation of the looted funds was underway and would soon be concluded.
Mr Malami’s spokesman, Umar Gwandu, in a statement issued on behalf of the minister on Tuesday in Abuja, said the amount has been credited into the designated government account with naira equivalent value of the amount as of May 10.
The minister had signed a 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.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Health
NAFDAC unveils 600 pharmacists to tackle unsafe medicines, harmful products nationwide
Mrs Adeyeye urged the volunteers to remain available and disciplined.
Sport
Rivers United crash out of CAF champions league
The assistant coach lamented the shortage of quality strikers in the NPFL.
World
BRICS Summit: Shettima, Indian PM commit to trade improvement across major economic sectors
The statement noted that Mr Modi thanked Nigeria for protecting and peacefully hosting about 80,000 Indians living in Nigeria.
Sport
Otti Boys FC, Onimarg FC win CNS, NOWA cups
The naval chief said success in football and life required discipline, commitment, perseverance and determination.
Uncategorized
AMANI Summit: Experts advise women entrepreneurs to prioritise mental health, financial discipline
Ms Ayoola advised entrepreneurs to maintain regular records of their sales.
States
Gov. Sule inaugurates Zulum govt’s N15 billion flyover in Borno
The governor said 136 education projects were awaiting inaguration or under construction across the state.
