UK To Return £4.2m Ibori Loot To Nig

09 March 2021 By Victoria Abah.

The UK Government says it will return about 4.2 million pounds to the Nigerian government in the next few weeks.

The UK High Commissioner to Nigeria, Catriona Laing stated this in Abuja, during the signing of Memorandum of Understanding with the Nigerian Government for repatriation of confiscated assets of a former Governor of Delta State, James Ibori.

At the signing of the MOU the UK High Commissioner, Catriona Laing, explained that the 4.2 million pounds would be the first of seized assets to be returned by the UK under the UK-Nigeria MOU entered in 2016.

Ms. Laing maintained that the assets to be returned were from friends and family of Ibori, noting that the process for the Ibori recovery loot was still ongoing.

She stressed that the UK government would not condone any form of corrupt practices as wealth obtained through criminal means was not welcomed in the UK.

Responding, the Attorney General of the Federation, AGF, Abubakar Malami, who commended the UK Government for its sincerity, said they look forward to similar cooperation in bringing to book all other persons who were exploiting the system in UK to shield themselves from justice.

The AGF however stated that the Federal Executive Council under the leadership of President Muhammadu Buhari had directed that the repatriated funds be deployed towards the completion of some ongoing projects.

In a remark, the Solicitor General of the Federation, Dayo Apata, said with the leadership of the incumbent AGF, the ministry had assumed its role in constitutional duty in the administration of justice in Nigeria.

Apata added that the Nigerian Government was readily available to cooperate with international communities in the enforcement of legal instrument and protocol.

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