• Latest
  • Trending
£4.2m Ibori Loot Returns To Delta

£4.2m Ibori Loot Returns To Delta

May 25, 2021
Tinubu Swears In Tegbe, Enikanolaiye as Ministers

Tinubu Swears In Tegbe, Enikanolaiye as Ministers

June 8, 2026
Tinubu Directs Service Chiefs to Move to Borno

Nigeria Will Not Surrender to Terror, Tinubu Assures Troops

June 8, 2026
Couple Arraigned, Remanded for N1bn Fraud in Ado-Ekiti

Couple Arraigned, Remanded for N1bn Fraud in Ado-Ekiti

June 8, 2026
Rivers CP Probe Alleged N180k Bail Extortion, Torture Claims

Rivers CP Probe Alleged N180k Bail Extortion, Torture Claims

June 8, 2026
360 Freed as Troops Raid Boko Haram Enclave in Mandara

No Ransom Paid for 360 Rescued Abductees- Borno Govt

June 8, 2026
https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/
ADVERTISEMENT
OGUN GRANTS INVESTORS 50% DISCOUNT ON LAND USE CHARGE

Ogun Inaugurates Safe School Committee Amid Security Fears

June 8, 2026
Four bank staff in police net for alleged money laundering,  N270m fraud

Police: Adelabu Family Aide Linked to Sister’s Kidnap

June 8, 2026
Lagos: No Solar Tax for Private Homes, Only Govt Estates

Lagos: No Solar Tax for Private Homes, Only Govt Estates

June 8, 2026
Oyo Govt Pulls Down Bungalow Used in Adelabu’s Sister Kidnap

Oyo Govt Pulls Down Bungalow Used in Adelabu’s Sister Kidnap

June 8, 2026
ADVERTISEMENT
  • About US
  • Advert Rates
  • Privacy Policy
  • Contact
Tuesday, June 9, 2026
  • Login
No Result
View All Result
Present Nigeria
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
No Result
View All Result
Present Nigeria
No Result
View All Result

£4.2m Ibori Loot Returns To Delta

by Present Nigeria
May 25, 2021
in News
1
£4.2m Ibori Loot Returns To Delta
27
SHARES
53
VIEWS
FacebookTwitterWhatsappTelegram

The Accountant General of the Federation, Ahmed Idris on Tuesday said the £4.2m looted by ex-Delta State Governor, James Ibori, has been returned to the state.

The Attorney-General of the Federation, Abubakar Malami had on March 9 said the loot would be used for the construction of the second Niger Bridge, Abuja-Kano road, and Lagos-Ibadan Express road and not returned to the Delta State Government where it was pilfered from.

RelatedPosts

Tinubu Swears In Tegbe, Enikanolaiye as Ministers

Nigeria Will Not Surrender to Terror, Tinubu Assures Troops

Couple Arraigned, Remanded for N1bn Fraud in Ado-Ekiti

He argued that the law that was alleged to have been breached by Ibori was a federal law and that the parties of interests involved in the repatriation of the funds were national and not sub-national governments.

“The major consideration relating to who is entitled to a fraction or perhaps the money in its entirety is a function of law and international diplomacy,” Mr. Malami said during his Tuesday appearance on Channels Television’s Politics Today.

But the Accountant-General told the House of Representatives Ad hoc Committee that recoveries are made by the Federal Government on behalf of states.

According to him, any recovery arising from looted funds from a particular state would go directly to the states.

“It was paid to Delta State,” he said when asked where the money was diverted to. “So such recoveries go specifically to those states. Honourable Chairman, any recovery arising from the looted funds from a particular state goes to the state. The state governors will not even allow this to fly.”

He added, “Some recoveries are for some state governments, specific state governments. I know there was a time recovery was made on behalf of Plateau State, there was one for Bayelsa, there is one for Delta,” he said when asked where the money was diverted to.

“You know they will not. They will take the Federal Government to court for holding their money. So we don’t joke or play with that, we pay them their money.”

His remarks come a week after The Federal Government announced that it had received the £4.2million seized from the associates of the convicted former governor from the United Kingdom.

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)

Related

Share11Tweet7SendShareShare2
Previous Post

President Ijaw Youth Council, Igbifa Kidnapped By Masked Men

Next Post

CAS Sets Up Committee To Conduct Safety Audit On NAF Planes

Related Posts

Tinubu Swears In Tegbe, Enikanolaiye as Ministers

Tinubu Swears In Tegbe, Enikanolaiye as Ministers

June 8, 2026
Tinubu Directs Service Chiefs to Move to Borno

Nigeria Will Not Surrender to Terror, Tinubu Assures Troops

June 8, 2026
Couple Arraigned, Remanded for N1bn Fraud in Ado-Ekiti

Couple Arraigned, Remanded for N1bn Fraud in Ado-Ekiti

June 8, 2026
Rivers CP Probe Alleged N180k Bail Extortion, Torture Claims

Rivers CP Probe Alleged N180k Bail Extortion, Torture Claims

June 8, 2026
Next Post
NAF Wings New Pilots, Evolves Strategies To Tackle Security Challenges

CAS Sets Up Committee To Conduct Safety Audit On NAF Planes

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
It leads in lucid presentation of trending stories and breaking news in Politics, Business, Economy, Entertainment, Sports, Lifestyles and Other Features.
With a heritage of in-depth coverage and adept leverage of core professionals, PRESENT is the trusted witness of the news.

  • Privacy Policy
  • Contact Us
  • Advert Rates

© 2025 Present Nigeria. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News

© 2025 Present Nigeria. All Rights Reserved.