£4.2milliom Ibori loot has been returned to Delta State

The Accountant General of the Federation, Mr. Ahmed Idris, says the £4.2m looted by a former Governor of Delta State, James Ibori, which the Federal Government recently repatriated from the United Kingdom, have been returned to the state.

Idris revealed this in Abuja on Tuesday when he appeared before the House of Representatives’ Ad hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective Efficient Management and Utilisation.

NewsWireNGR recalls that the representatives of both the U.K. and Nigerian governments signed the agreement for the return of the money, which translates to about N2.4 billion, to Nigeria in Abuja on March 9.

The signing of the agreement, which took place at the Federal Ministry of Justice, Abuja, was done under the auspices of the U.K.-Nigeria Memorandum of Understanding (MoU), which came into force in 2016.

The British High Commissioner, Catriona Laing, signed the agreement on behalf of the U.K. government while Mr Malami signed it on behalf of the Nigeria government.