UK Govt announces return of £4.2m Ibori loot

UK Govt announces return of £4.2m Ibori loot

The United Kingdom has signed a Memorandum of Understanding (MoU) to return the sum of £4.2 million assets stolen by former Delta State Governor, James Ibori to Nigeria.

This scheduled return of the Ibori loot was announced on Tuesday, March 9, by the British High Commissioner to Nigeria, Catriona Laing in Abuja, the nation’s capital.

Laing at the signing of the MoU at the Conference Hall of the Ministry of Justice said the money was recovered; from friends and family members of the former governor.

According to her, many Nigerians were in the habit of siphoning money from the country to the UK; saying that has also affected the level of trust between the two countries.

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Ibori in 2012 was sentenced by a UK Court to 13 years in prison for money laundering.

Laing however warned that the UK will no longer be used as a destination for looters to siphon proceeds of crimes.

The Attorney General of the Federation and Minister of Justice, Abubakar Malami said the recovery of the stolen fund; is part of the efforts of the current administration to fight corruption.

He said that the money will be used for the construction of the second Niger Bridge; Abuja-Kano road; as well as Lagos-Ibadan Express road.

Based on the agreement signed, the £4.2million is to be returned two weeks from now.

Meanwhile, former Vice President, Namadi Sambo, on Monday, March 8; met with President Muhammadu Buhari at the State House in Abuja.

1st News also garnered that Sambo gave an update on his assignment; as the ECOWAS Head of Mission on the election in the Republic of Niger.

He told the President that he met with all the stakeholders before the polls; which went into a run-off after the initial exercise in December last year was inconclusive.

“We observed about 400 polling units in five regions of the country; and the process was peaceful, done professionally. Every citizen was given the right to vote and be voted for,” Sambo was quoted as saying in a statement by the Special Adviser to the President on Media and Publicity, Femi Adesina.

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