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General News of Tuesday, 18 May 2021

Source: guardian.ng

Nigeria receives €4.2m Ibori loot – Malami

Ibori looted funds retuned to Nigeria Ibori looted funds retuned to Nigeria

 • Nigeria receives Ibori looted funds

 • The amount was credited into the designated Nigerian Government account with naira equivalent value

 • Malami had earlier signed a Memorandum of Understanding for the repatriation of the Ibori loot

Nigerian authorities Tuesday said the state funds looted by the former governor of Delta State James Ibori, has returned to the country.

Nigeria’s Minister of Justice, Abubakar Malami, said in a statement by his spokesman, Dr Umar Jibrilu Gwandu, that a total of £4,214,017.66 of the loot associated with the family members of the former Delta State governor has been received.

According to the statement, the amount was credited into the designated Nigerian Government account with naira equivalent value of the amount as of 10th May 2021.

Malami had earlier signed a 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.

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