UK to return ‘£4.2m Ibori loot to Nigeria

UK to return ‘£4.2m Ibori loot to Nigeria

The United Kingdom has agreed to return the sum of £4.2 million of stolen assets by former Delta State Governor, James Ibori to the Nigerian Government.

This announcement was made on Tuesday by the British High Commissioner to Nigeria, Catriona Laing while signing the Memorandum of Understanding at the Conference Hall of the Ministry of Justice, Abuja.

According to Channels TV, Laing said the money was recovered from friends and family members of the former governor.

Based on the agreement signed, the £4.2million is to be returned two weeks from now.

She said level of trust between the two countries has affected many Nigerians who are in the habit of siphoning money from the country to the UK.

Laing, however, warned that the UK will no longer be used as a destination for looters to siphon proceeds of crimes.

The Attorney General of the Federation and Minister of Justice, Abubakar Malami said the recovery of the stolen fund is part of the efforts of the current administration to fight corruption.

He said that the money will be used for the construction of the second Niger Bridge, Abuja-Kano road, and Lagos-Ibadan Express road.

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