Connect with us

News

FG receives €4.2m Ibori loot, Malami says

Published

on

The Federal Government has received 4.2 million Euros looted funds recovered from from the family members and associates of former Delta Governor, James Ibori by the British Government.

The Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami, who confirmed this development on Tuesday, said the amount has been credited into the designated Federal Government account with naira equivalent.

This is contained in a statement issued by Malami’s spokesman, Dr Umar Gwandu.

“The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN signed the Memorandum of Understanding for the repatriation of the Ibori loot on behalf of the Federal Government of Nigeria.

“The development, according to Malami, was a demonstration of the recognition of reputation Nigeria earns through records of management of recovered stolen Nigerian stolen in the execution of public oriented projects.”

Wandoo Sombo

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective.A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour.The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

Comments
JoinOurWhatsAppChannel