The Federal Government of Nigeria has received £4,214,017
loot linked to former Delta State Governor, James Ibori.
Attorney-General of the Federation and Minister of Justice,
Abubakar Malami made the confirmation on Thursday.
His spokesman, Umar Gwandu, in a statement said the
designated government was credited with the Naira equivalent on May 10.
Malami signed the Memorandum of Understanding for the
repatriation of the Ibori loot on behalf of the federal government.
The AGF said the repatriation was in recognition of
Nigeria’s reputation earned through management of recovered stolen public
funds.
Ibori was Governor from May 29, 1999 to May 29, 2007. In
April 2012, he received a 13-year jail sentence after admitting fraud of nearly
£50million.
He pleaded guilty two months earlier, to conspiracy to
launder funds, substantive counts of money laundering and one count of
obtaining money transfer by deception and fraud.
Judge Anthony Pitts told Southwark Crown Court in London in
the light of other matters, aid Ibori’s loot “may be in excess of £200 million,
it is difficult to tell”.
The Metropolitan Police estimated that Ibori embezzled £157
million of state money.
“James Ibori’s sentence sends a strong and important message
to those who seek to use Britain as a refuge for their crimes”, said Andrew
Mitchell, then UK International Development Secretary.
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