Nigeria has received the £4.2million seized from the associates of convicted former Governor of Delta State, James Ibori from the United Kingdom.
This was contained in a statement issued by Umar Gwandu, Special Assistant on Media and Public Relations, Office of the Attorney-General of the Federation, and Minister of Justice.
The statement confirmed that the money has been paid: “the amount has been credited into the designated Federal Government account with naira equivalent value of the amount as of 10th May, 2021”
It will be recalled that the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, had signed a Memorandum of Understanding with the UK for the repatriation of the Ibori loot on behalf of the Federal Government of Nigeria.
Malami according to the statement said that the development was a demonstration of the recognition of reputation Nigeria had earned through records of management of recovered stolen money used in the execution of public-oriented projects.
On May 3, Malami had announced that the United Kingdom would repatriate the looted fund to Nigeria any moment from now.