UK returns £4.2m Ibori loot

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The British Government has met its promise to return over £4.2 m part of money looted by former Delta State governor, James Ibori.

The cheery news, relayed by the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, said the sum of £4,214,017.66 from the United Kingdom is now in the coffers of the Federal Government.

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The said amount was recovered by the UK Government from associates and family members of former Delta State Governor, James Ibori, as proceeds of crime.

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Dr Umar Gwandu, media aide to Malami, said the fund “has been credited into the designated Federal Government account with naira equivalent value of the amount as of May 10, 2021”.

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Recall that Malami, had on behalf of the Federal Government signed a Memorandum of Understanding with the UK Government for the repatriation of the funds looted from Delta State under Ibori.

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It is unclear if the Federal Government has reached an agreement with the Delta State government on how to spend the money.

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