Advertisements
Advertisements
Advertisements
Home Inside Niger Delta Delta UK to return £4.2M seized from Ibori to Nigeria

Related Posts

Agbarha people celebrate Agbassa juju festival with eminent personalities in attendance

By Ruth Oromoni & Success Yanki The oil city of Warri was in a festive mood as the people of the ancient Urhobo Kingdom of...

Okowa to Delta communities – Eschew bloodshed over land

By Faith Madogwe  Delta State Governor, Ifeanyi Okowa, has charged people of the state to eschew hostilities occasioned by land disputes, as no amount of...

NNPC/CNL JV, EGCDF Commission N564m Projects in Egbema, Gbaramatu communities

By Ebi Oboko & Loveth Ojogun The Egbema Gbaramatu Communities Development Foundation (EGCDF), a Community Based Organisation sponsored by the  NNPC/Chevron Nigeria Limited (CNL)  Joint...

[BREAKING] GbaramatuVoice 6th Niger Delta Awards to hold in Lagos, calls for nominations

By Ebi Perekeme  Niger Delta is a region replete with men and women of valour, who have done very well in shaping the demands of...

Gbaramatu Youth Council Holds General Meeting On Way Forward in Kantu Community 

By Ebi Oboko As part of their continuing contribution to the development of Gbaramatu kingdom, the Gbaramatu Youth Council (GYC), the apex youth body of...

Featured Artist

UK to return £4.2M seized from Ibori to Nigeria

By Our Correspondent 

The United Kingdom is set to return £4.2m (N2.2bn) seized from convicted former Governor of Delta State, James Ibori, and his associates.

The Attorney-General of the Federation, Abubakar Malami, said this while delivering his speech on Tuesday at the signing ceremony of the Memorandum of Understanding between Nigeria and the government of the UK regarding the return and management of stolen assets recovered from Ibori and associates.

He said, “I wish to remark that today’s ceremony and the recoveries attached thereto has again underscored the fact that international cooperation and mutual trust can yield great benefits for the citizenry in developing countries who are the direct victims of acts of corruption.

“Hence, the governments of Nigeria and the United Kingdom have concluded negotiations for the return of £4.2m to Nigeria pursuant to the Memorandum of Understanding earlier executed by the two governments in 2016.

“It is to be recalled that the Nigerian government had all along provided the required mutual assistance and backup to the British authorities while the prosecution of James Ibori lasted in London and today, we are rightfully taking benefit of that cooperation.”

Malami, who is also the Minister of Justice, said he was confident that both the Nigerian and British governments remain committed to combating corruption and illicit financial flows and ensuring that looters do not find comfort or save haven their respective territories.

He said in consonance with existing framework in the management of previous recoveries, the Federal Executive Council had directed that the instant repatriated funds should be deployed towards the completion of the following legacy projects: the Second Niger Bridge, Abuja – Kano expressway and the Lagos – Ibadan expressway under the coordination of the Nigeria Social Investment Authority to ensure integrity of the process.

The attorney-general said a reputable Civil Society Organisation had been engaged to monitor and supervise the expenditure of the recovered funds on the execution of these critical projects which are evenly spread across the country.

“We have established, as a government, a reputation of transparency and accountability of utilization of recovered assets as a nation. These assets will in no way be different in terms of application,” he said.

Ibori, who ruled Delta State from 1999 to 2007, was convicted by a UK court in 2012 and was sentenced to 13 years in jail after admitting fraud of nearly £50m (N26.3bn), even though prosecutors say the actual amount stolen was about £250m (N131.7bn).

Latest Posts

Agbarha people celebrate Agbassa juju festival with eminent personalities in attendance

By Ruth Oromoni & Success Yanki The oil city of Warri was in a festive mood as the people of the ancient Urhobo Kingdom of...

Okowa to Delta communities – Eschew bloodshed over land

By Faith Madogwe  Delta State Governor, Ifeanyi Okowa, has charged people of the state to eschew hostilities occasioned by land disputes, as no amount of...

NNPC/CNL JV, EGCDF Commission N564m Projects in Egbema, Gbaramatu communities

By Ebi Oboko & Loveth Ojogun The Egbema Gbaramatu Communities Development Foundation (EGCDF), a Community Based Organisation sponsored by the  NNPC/Chevron Nigeria Limited (CNL)  Joint...