The British Government has formally paid the £4,214,017.66 looted funds recovered from family members and associates of former Delta State Governor, James Ibori.
A statement
released by Umar Gwandu, spokesperson of the Attorney-General of the Federation
(AGF) and Minister of Justice, Abubakar Malami, said that as at May 10, the
naira equivalent of the looted funds has been paid into an account designated
for that purpose by the Federal Government.
“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,” the statement in
part read
Ibori was
governor of Delta state from 1999-2007. On February 27th, 2012, Ibori pleaded
guilty to 10 counts of money laundering, fraud, conspiracy to defraud, and
other offenses in a London court. He also pleaded guilty to stealing over $250
million public funds while he was governor.
The former
Governor of Delta state was released from a UK prison in December 2016 after
completing his jail term.
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