At last, Nigerian government receives £4.2m Ibori loot from United Kingdom
The Nigeria Government has finally received the sum of £4.2million looted by former Governor of Delta State, James Ibori’s associates and family members from the government of United Kingdom
Penpushing reports that that Nigeria’s Attorney-General of the Federation, Abubakar Malami made this known on Tuesday that the “naira equivalent value” of the total £4,214,017.66 “has been credited into the designated Federal Government account” since May 10.
The Attorney General in a statement by his media aide, Umar Gwandu, did not disclose the actual naira equivalent paid into the Nigerian government’s account,however, calculations puts the figure at about N2.4 billion at official exchange rate, and about N2.9billion at parallel market’s rate.
“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 statement reads.
“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 added
Penpushing further reports that, the receipt of the money was coming about two weeks after the attorney general said the payment of the money to Nigeria was being delayed by documentation processes in foreign banks
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