BEVERLY HILLS, May 18, (THEWILL) – The Federal Government has acknowledged that the United Kingdom has repatriated the funds looted by the former Governor of Delta State, Chief James Onanefe Ibori, to Nigeria.
Nigeria’s 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 had been received.
According to the statement, the amount had been credited into the designated Federal Government account with naira equivalent value of the amount as of 10th May, 2021.
Malami had earlier signed a Memorandum of Understanding for the repatriation of the Ibori loot on behalf of the Federal Government of Nigeria.
This development, the Minister said, was a demonstration of the recognition of the reputation Nigeria had earned through records of management of recovered monies stolen in the execution of public oriented projects.
