The United Kingdom is anticipated to return about £4.2million seized from the previous Governor of Delta State, James Ibori, and his associates to Nigeria.
This was disclosed by the Attorney-General of the Federation, Abubakar Malami, on Tuesday in the course of the signing ceremony of the Memorandum of Understanding between Nigeria and the federal government of the UK, based on Bashir Ahmad, Personal Assistant to President Muhammadu Buhari on new media.
He stated, “I wish to remark that today’s ceremony and the recoveries attached thereto has again underscored the fact that international cooperation and mutual trust can yield great benefits for the citizenry in developing countries who are the direct victims of acts of corruption.
“Hence, the governments of Nigeria and the United Kingdom have concluded negotiations for the return of £4.2m to Nigeria pursuant to the Memorandum of Understanding earlier executed by the two governments in 2016.
“It is to be recalled that the Nigerian government had all along provided the required mutual assistance and backup to the British authorities while the prosecution of James Ibori lasted in London and today, we are rightfully taking benefit of that cooperation.”
“… that the instant repatriated funds should be deployed towards the completion of the following legacy #PIDFund projects: the Second Niger Bridge, Abuja – Kano expressway and the Lagos – Ibadan expressway under the coordination of @nsia_nigeria…” #IboriLoot
— Government of Nigeria (@NigeriaGov) March 9, 2021
The Minister of Justice is optimistic that each the Nigerian and British governments will stay dedicated to combating corruption and illicit monetary flows and guaranteeing that looters don’t discover consolation or save haven their respective territories.
The United Kingdom has dedicated to returning looted belongings value £4.2 million linked to James Ibori, former governor of Delta state, Catriona Laing, British High Commissioner to Nigeria, signed a memorandum to that impact with Justice Minister, Abubakar Malami, at present in Abuja.
— Bashir Ahmad (@BashirAhmaad) March 9, 2021
What it’s best to know
With the prevailing framework within the administration of earlier recoveries, the Federal Executive Council had directed that the moment repatriated funds needs to be deployed in the direction of the completion of the next legacy tasks: the Second Niger Bridge, Abuja – Kano expressway and the Lagos – Ibadan expressway beneath the coordination of the Nigeria Social Investment Authority to make sure the integrity of the method.