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Nigeria To Receive Ibori’s £4.2 Million Loot Soon- Malami



Attorney General of the Federation and Minister of Justice, Abubakar Malami has revealed that funds looted by former Delta Governor, James Ibori will be recovered by Nigeria soon.

Umar Gwandu, spokesman of Malami released a statement that revealed that Nigeria was on the way to receive the funds but it has to follow some strict documentation and formalities.

The statement read: “Documentations with the banks in different countries often take longer than anticipated. We anticipated two weeks but we are not in control of the banks. There is neither complacency nor any delay as efforts are being made to ensure successful transfer of the looted funds,”

The United Kingdom government repatriated an amount of £4.2 million believed to have been stolen by James Ibori during his time as governor.

Delta state Governor,  Ifeanyi Okowa has formally written a protest letter to President Buhari, for the refund of £4.2 million James Ibori looted from the state.

In his words: “I have spoken with the attorney-general of the federation. My attorney-general went to have a meeting with him. I think that we are working and we are likely to come on the same page. We have written a formal letter of protest to Mr President.

“In the same manner of the relationship created between the UK and Nigeria, we also expect that the Nigerian Government will do the same thing by being magnanimous to return the money back to the source, which is Delta State.”

“We have made two suggestions; return the money directly to us or apply it directly to projects that we feel are of importance and are in Delta State so that Deltans can directly benefit from the repatriated funds and I don’t think anybody can fault that line (of thinking).”