The Federal Government has said over £100m (N527bn), allegedly stolen by a former Governor of Delta State, James Ibori, and his associates is still being expected.
The Minister of Justice, Abubakar Malami (SAN), disclosed this on Channels Television’s Politics Today’ programme on Tuesday.
Malami, who is also the Attorney-General of the Federation, said apart from the Ibori loot, $100m traced to the late Head of State, Gen Sani Abacha, was also being expected.
“As it is we have succeeded in recovering £4.2m from the UK. We are still pursuing other assets even as it relates to the Ibori assets.
“The quantum of the amount involved was within the region of over £100m (N2.2bn) and it is out of it that we have succeeded in recovering a fraction of £4.2m and we are still pursuing an additional sum within the region of £100m (N527bn) and that will be a function of conviction and subsequent recovery process,” he said.
InsideOjodu recalls that Nigeria and the government of the UK signed a Memorandum of Understanding which states that UK government is set to return £4.2m (N2.2bn) assets stolen by former Governor of Delta State, James Ibori, and his associates