N2trillion Ibori loot returned to FG

Attorney-General of the Federation and Minister of Justice, Abubakar Malami, has confirmed that the Federal Government of Nigeria has received £4,214,017.66 (over N2trillion) of the loot associated with the family members of a former Delta State Governor, James Ibori.

This was disclosed by the minister’s spokesman, Dr. Umar Gwandu on Tuesday, 18th of May, 2021.

According to the statement, the amount has been credited into the designated Federal Government account with naira equivalent value of the amount as of 10th of May, 2021 and the development was a demonstration of the recognition of reputation Nigeria earns through records of managing recovered stolen funds in the execution of public-oriented projects.

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