Why Nigeria is yet to recieve £4.2 million Ibori loot from UK – Malami

By our reporter| The Attorney General of the Federation and Minister of Justice, Abubakar Malami, on Monday, explained why the return of the £4.2 million allegedly looted by a former governor of Delta State, James Ibori, is being delayed.

Malami, had on March 9 while signing an agreement with Catriona Laing, the British High Commissioner to Nigeria, on the repatriation of the funds, promised that funds would be repatriated within two weeks.

The AGF further stated that the funds will be used for the completion of ongoing work on 2nd Niger Bridge, Abuja to Kano and Lagos Ibadan expressways, a move opposed by the Delta State Government, prominent lawyers, and CSOs who demanded that the funds be returned to Delta state.

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But in a statement on Monday, Dr. Umar Gwandu, spokesman of the AGF, said issues relating to documentation of funds transfers took a little bit time more than expected due to some documentations.

According to him, the federal government is working tirelessly to ensure the return of looted Nigerian assets kept outside the country.

“Documentations with the banks in different countries often take longer than anticipated. We anticipated two weeks but we are not in control of the banks, the statement read.

“There is neither complacency nor any delay as efforts are being made to ensure successful transfer of the looted funds.”

 

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