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The federal government has received £4.2 million loot recovered from James Ibroi, former Delta state governor, and his family members.
On March 9, the UK had committed to returning the £4.2 million loot recovered from Ibori and his associates.
In a statement on Tuesday, Umar Gwandu, special assistant on media and public relations to Abubakar Malami, attorney-general of the federation said: “The amount has been credited into the designated federal government account with naira equivalent value of the amount as of 10th May, 2021.”
Malami had said the recovered loot will be used to fund three infrastructural projects — Lagos-Ibadan, Abuja-Kano expressways and the second Niger bridge.
Although the Delta government had noted that the money ought to be returned to the state, the AGF had said the law which Ibori breached is a federal law, and not that of the state.
(The Cable)
