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FG receives £4.2m Ibori loot, says Malami

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ATTORNEY-General of the Federation and Minister of Justice, Abubakar Malami, has confirmed that the Federal Government has received £4,214,017.66 of the loot associated with the family members of a former Delta State Governor, James Ibori.

The minister’s spokesman, Dr. Umar Gwandu, disclosed this in a statement this afternoon.

According to the statement, the amount has been credited into the designated Federal Government account with naira equivalent value of the amount as of May 10, 2021.

Malami had earlier signed Memorandum of Understanding for the repatriation of the Ibori loot on behalf of the Federal Government.

The signing of the agreement, which took place at the Federal Ministry of Justice, Abuja, on March 9, was done under the auspices of the U.K.-Nigeria Memorandum of Understanding (MoU), which came into force in 2016.

The British High Commissioner, Catriona Laing, signed the agreement on behalf of the U.K. government while Mr Malami signed it on behalf of the Nigeria government.

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.

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