General Interest
Ibori Is Sending Another N527B Loot To Nigeria – FG
The Federal Government has further argued that one among many conditions for the UK repatriating the money allegedly stolen by James Ibori, a former governor of Delta State, must be tied to certain federal projects.
The government declared this while hinting that the country is still in expectant of not less than £100m (N527bn) from the UK, also stolen by Ibori and his ‘accomplices’.
Speaking on Channels Television’s politics today Tuesday, the Attorney-General of the Federation and the Minister of Justice, Abubakar Malami (SAN), insisted that the recovered money must be used on any of the capital projects which include the Lagos-Ibadan Expressway, the Abuja-Kano rail and the Second Niger Bridge as contained in a Memorandum of Understanding signed between both parties.
The AGF said apart from the Ibori loot, $100m traced to the late Head of State, Gen Sani Abacha, was also being expected. His statement reads: “As it is we have succeeded in recovering £4.2m from the UK. We are still pursuing other assets even as it relates to the Ibori assets.
“The quantum of the amount involved was within the region of over £100m (N2.2bn) and it is out of it that we have succeeded in recovering a fraction of £4.2m and we are still pursuing an additional sum within the region of £100m (N527bn) and that will be a function of conviction and subsequent recovery process.”
Malami reiterated that the recovered fund would not be released to the Delta state government’s purse because the crime that led to the diversion of the funds was a federal one.
- Top Stories19 hours ago
Mohbad’s toxicology result ready…what you need to know
- News19 hours ago
FG to review fresh price hike of DStv, GOtv packages
- Top Stories19 hours ago
Witness Reveals How Ex-HoS, Oyo-Ita, Others Diverted ₦3 Billion To Private Companies
- Entertainment19 hours ago
Israeli supermodel, Bar Refaeli accuses Bella Hadid of spreading fake news with photo of ‘starving Gaza child’
- Top Stories5 hours ago
BREAKING: TINUBU APPOINTS NIGERIA’S RENOWNED BANKER, JIM OVIA AS CHAIRMAN OF NIGERIAN EDUCATION LOAN FUND
- News20 hours ago
Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 26th April 2024
- Sports19 hours ago
Osimhen reveals how he was pushed to become like Drogba
- Business and Brands19 hours ago
Glo, MTN, Airtel, Others Move To Raise Tariff