Nigeria has received €4.2 million Euros looted funds recovered by the British Government from the family members and associates of former Delta Governor, James Ibori.
The Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami, confirmed this development on Tuesday in a statement by Dr. Umar Jibrilu Gwandu, Special Assistant on Media.
According to the statement the amount has been credited into the designated Federal Government account with naira equivalent value of the amount as of 10th May, 2021.
Gwandu noted that the Attorney-General of the Federation and Minister of Justice 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.
