Northern Nigerian Breaking News

JUST IN : Nigeria receives £4.2m Ibori Loot -Minister

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The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN on Tuesday confirmed that the Federal Government has received GBP 4,214,017.66 of the looted fund associated with the family members of former Delta State Governor, James Ibori.

This is made known by Dr Umar Jibrilu Gwandu, Special Assistant on Media and Public Relations, Office of the Attorney-General of the Federation and Minister of Justice in a statement issued to newsmen in Abuja on Tuesday the 18th.

According to the statement, the amount has been credited into the designated Federal Government account with naira equivalent value of the amount as of 10th May.

Solacebase reports that James Ibori was Governor of Delta State from 29 May 1999 to 29 May 2007 and a PDP member.

Read Also:BREAKING: UK to return £4.2m Ibori loot to FG

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”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,” said the statement.

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.

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