UK Government Set To Return £4.2m Of James Ibori Loot Back To Nigeria

James Ibori
The British Government has announced the return of some money, worth £4.2 million recovered from the friends, family and close associates of the convicted former Delta State Governor, James Ibori. James Ibori

The British High Commissioner to Nigeria, Ms Catriona Laing, had disclosed that the United Kingdom had signed a memorandum of understanding (MOU) between both the Nigerian and UK government in Abuja today March 9. She further noted that this was just the first tranche of such funds to be returned back to the country. She also added that what was being returned to the Nigerian government was the retrieved money from friends and family members of James Ibori.

Ms Catriona Laing further averred that the James Ibori case is quite complicated and the United Kingdom authorities were still working on noting the total actual amount of money involved in the case.

The Minister of Justice and Attorney General of the Federation, Abubakar Malami who signed on behalf of the Nigerian government, disclosed that President Muhammadu Buhari has directed that the returned loots should be deployed and used to complete the construction of the second Niger Bridge, also to the Lagos to Ibadan expressway and the Abuja to Kano expressway projects.

Ibori was governor of Delta state from 1999-2007. On February 27th, 2012, Ibori pleaded guilty to 10 counts of money laundering, fraud, conspiracy to defraud, and other offences in a London court. He also pleaded guilty to stealing over $250 million public funds while he was governor.

The former Governor of Delta state was released from a UK prison in December 2016 after completing his jail term.

Photo Credit: Getty

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