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Nigeria receives €4.2m Ibori loot

Nigeria’s Federal Government has received £4,214,017.66 of the loot associated with the family members of former Delta State governor, James Ibori.

Attorney-General of the Federation and Minister of Justice, Abubakar Malami, has already confirmed the receipt, according to his media aide, Umar Jibrilu Gwandu.

In a statement, Gwandu said the amount has been credited into the designated Federal Government account with the naira equivalent since May 10, 2021.

He said Malami 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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