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Nigeria receives £4.2m Ibori loot – Malami

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Nigeria receives £4.2m Ibori loot – Malami

Abubakar Malami

Nigeria received the 4.2 million Pounds the British Government recovered from family members and associates of former Delta Governor, James Ibori.

This is contained in a statement issued by Minister of Justice, Abubakar Malami’s Special Assistant on Media and Public Relations, Dr Umar Gwandu on Tuesday in Abuja.

He said the amount has been credited into the designated Government account with naira equivalent value of the amount as at May 10.

Nigeria receives £4.2m Ibori loot – Malami

ROYAL NEWS reports that the Minister had signed Memorandum of Understanding for the repatriation of the Ibori loot on behalf of the Federal Government of Nigeria with the UK.

READ ALSO: Citizenship: Malami opens up on suit against Atiku

The development, according to Malami, was a demonstration of the recognition of the reputation Nigeria earned through records of management of recovered Nigeria’s stolen funds in the execution of public oriented projects.

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