The UK Government has announced plans to return £4.2million looted funds recovered from former Delta state governor, James Ibori.
The announcement was made by the British High Commissioner to Nigeria, Ms. Catriona Laing during the ceremony for the signing of a memorandum of understanding (MOU) between the Nigerian and UK government in Abuja today, 9th March 2021.
She announced that what is being returned to the Nigerian government was retrieved from family members and friends of James Ibori.
She made it known that this is just the first batch of such planned returns. She added that Ibori case is very complicated and the UK authorities are still working on the total actual amount involved in the case.
The Minister of Justice and Attorney General of the Federation, Abubakar Malami, who signed on behalf of the Nigerian government, said that President Buhari has directed that the returned funds would be deployed to completion of the second Niger Bridge, the Lagos to Ibadan expressway and the Abuja to Kano expressway projects.