Friday, January 28, 2022

Ibori loot has arrived: Malami

Mr Malami said the amount has been credited into the designated government account with naira equivalent value.

• May 18, 2021
Nigeria's Attorney General, Abubakar Malami and James Ibori
Nigeria’s Attorney General, Abubakar Malami and Former Delta Governor, James Ibori

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. 

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