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