The Federal government has acknowledged receipt of the sum of £4,214,017.66 looted by the former governor of Delta State, Mr. James Ibori, while in office.
The British government reportedly paid the said amount as funds recovered from Ibori’s family members and associates, into an account designated by Nigeria for that purpose.
The Attorney-General of the Federation (AGF) and Minister of Justice, Mr. Abubakar Malami, who confirmed this development on Tuesday, said the amount has been credited into the designated Federal Government account with naira equivalent as of 10th May, 2021.
Malami’s spokesman, Dr. Umar Gwandu, in a statement on Tuesday quoted the AGF as confirming the receipt of the recovered loot by the Federal government.
He added: “Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN) signed Memorandum of Understanding for the repatriation of the Ibori loot on behalf of the Federal Government of Nigeria.
“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.”