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FG Returns £4.2m Ibori Loot To Delta Government

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The Federal Government has returned the £4.2 million Ibori loot repatriated from the United Kingdom to the Delta state government.

Nigeria’s Accountant-General, Ahmed Idris, made this known on Tuesday while addressing the Abuja House of Representatives Ad hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective Efficient Management and Utilisation.

Idris said the decision was in line with the laid down procedure as funds looted from a state are usually returned to the state.

The AGF noted that states could take the federal government to court if such funds are not returned.

Naija News had reported how former Delta Governor James Ibori looted the funds during his time in office.

More to come…

Ige Olugbenga is a fine-grained journalist. He loves the smell of a good lead and has a penchant for finding out something nobody else knows. Gbenga is an alumnus of the prestigious Adekunle Ajasin University, Ondo State and The Polytechnic, Ibadan.