Attorney-General of the Federation and Minister of Justice, Abubakar Malami, has confirmed that the FederalGovernmentof Nigeria has received 4,214,017.66 of the loot associated with the family members of former Delta State governor, James Ibori.
This is made known by the Special Assistant on Media and Public Relations, Office of the Attorney-General of the Federation and Minister of Justice, (AGF), Umar Gwandu, in a statement issued to news men in Abuja yesterday.
According to the statement the amount has been credited into the designated Federal Government account with naira equivalent value of the amount as of May 10, 2021.
Malami was said to have signed the Memorandum of Understanding, (MoU), 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.
On May 3, Malami had announced that the United Kingdom would repatriate the looted fund to Nigeria any moment from now.
He had explained that the President Muhammadu Buhari administration was working tirelessly to ensure the return of looted Nigerian assets kept outside the countrys territorial boundaries, adding that that the Federal Government of Nigeria was in touch with the UK government on the matter.
He noted that the Federal Government is working assiduously to make sure that the transfer goes through successfully.
