Over £4.2million of recovered funds from some family members and associates of former governor of Delta State, James Ibori will be finding its way back into Nigerian coffers as the British Government have resolved to return the laundered funds.
The British Government has resolved to return to Nigeria, the sum £4.2million being part of the funds so far recovered from friends and family members of former Delta State Governor, James Ibori.
This was disclosed by the British High Commissioner to Nigeria, Ms. Catriona Laing, today, March 9, 2021 in Abuja, where she said this is first installment of the funds.
According to her, the first tranche was recovered from friends and family of the former Delta State governor, James Ibori, Laing also revealed that the Ibori corruption and financial fraud case was complicated and that authorities in United Kingdom were yet to affirm the whole amount involved.
Laing, while speaking at an event organized to capture the signing of a Memorandum of Understanding, MOU between both countries assured Nigeria of more returns of such loots recovered from the former governor.
Meanwhile Nigeria’s Attorney General and Minister of Justice, Abubakar Malami, while signing the MOU on behalf of Nigeria, revealed that the recovered funds will be channeled to the completion of second Niger Bridge, the Lagos to Ibadan express way and the Abuja to Kano express way projects, as directed by President Muhammadu Buhari.
The Nation reports.