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UK to return £4.2million seized from Ibori to Nigeria

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The United Kingdom is expected to return about £4.2million seized from the former 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 during the signing ceremony of the Memorandum of Understanding between Nigeria and the government of the UK, according to Bashir Ahmad, Personal Assistant to President Muhammadu Buhari on new media.

He said, “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.”

READ: UK moves to seize $39 million from Ibori’s lawyer over role in former Governor’s case

The Minister of Justice is optimistic that both the Nigerian and British governments will remain committed to combating corruption and illicit financial flows and ensuring that looters do not find comfort or save haven their respective territories.

READ: Senate screens Bawa on his nomination as EFCC boss

What you should know

With the existing framework in the management of previous recoveries, the Federal Executive Council had directed that the instant repatriated funds should be deployed towards the completion of the following legacy projects: the Second Niger Bridge, Abuja – Kano expressway and the Lagos – Ibadan expressway under the coordination of the Nigeria Social Investment Authority to ensure the integrity of the process.

Janet Feranmi, a first-class graduate in Mass Communication. She graduated 2017. A Content Creator, lover of Dog. She writes for Daily news and also for Tropics.ng

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