£4.2m Ibori loot arrives Nigeria in Naira

 

The Federal Government said Tuesday that the £4.2 million of public funds looted by the former governor of Delta State, James Ibori, has been returned to Nigeria, from the United Kingdom.

Attorney General and Minister of Justice, Abubakar Malami, said in a statement by his spokesman, Dr Umar Jibrilu Gwandu, that a total of £4,214,017.66 of the loot associated with the family members of former Delta State governor has been received.

According to the statement, the amount was credited into the designated Nigerian Government account with naira equivalent value of the amount as of 10th May, 2021.

READ: Controversy over Ibori recovered loot, House insists £6.2m not £4.2m

Malami had earlier signed 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 funds in the execution of public oriented projects.