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    Nigeria receives £4.2m Ibori loot

    Chronicle EditorBy Chronicle EditorMay 18, 2021No Comments1 Min Read
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    Minister for Justice and Attorney-General Abubakar Malami EFCC assets
    Minister for Justice and Attorney-General, Abubakar Malami
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    The British Government has formally paid the £4,214,017.66 looted funds recovered from family members and associates of former Delta State Governor, James Ibori into an account designated for that purpose by the Federal Government.

    The Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami, who confirmed this development on Tuesday, said the amount has been credited into the designated Federal Government account with naira equivalent as of 10th May, 2021.

    James Ibori was jailed for fraud in the United Kingdom
    James Ibori was jailed for fraud in the United Kingdom

    Malami’s spokesman, Dr. Umar Gwandu, in a statement on Tuesday quoted the AGF as confirming the receipt of the recovered loot by the FG.

    • Why retrieval of Ibori loot is delayed – Malami

    He added: “Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN signed 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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    Police nab church member over kidnap of two Catholic Priests in Adamawa

    Police bust human trafficking syndicate, rescue 40 Ghanaians in Ondo 

    July 5, 2025
    Adeleke denies defection rumours

    Adeleke not defecting to APC, Osun PDP declares

    July 5, 2025
    Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’

    Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’

    July 5, 2025
    Nine-man PSG stun Bayern to reach Club World Cup semis

    Nine-man PSG stun Bayern to reach Club World Cup semis

    July 5, 2025
    NLC threatens to shut down Abuja after July 3 over unpaid wages

    NLC vows protest if NASS attempts to decentralise minimum wage

    July 5, 2025
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