Nigeria receives €4.2m Ibori loot - Malami

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Nigeria receives €4.2m Ibori loot - Malami | The Guardian Nigeria News - Nigeria and World News

Nigeria’s Minister of Justice, Abubakar Malami, said in a statement by his spokesman, Dr Umar Jibrilu Gwandu, that a total of £4,214,017.66 of the loot associated with the family members of former Delta State governor has been received.

According to the statement, the amount was credited into the designated the Nigerian Government account with naira equivalent value of the amount as of 10th May, 2021. Malami had earlier signed Memorandum of Understanding for the repatriation of the Ibori loot on behalf of the Federal Government of Nigeria.

The development, according to Malami, was a demonstration of the recognition of reputation Nigeria earns through records of management of recovered stolen Nigerian stolen in the execution of public oriented projects.

 

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Good news if it's true and the fund will be utilised for the benefits of the already impoverished Nigerians.

Why did it take so long? Was it returned with the interest accrued? Which account was it paid into and who has control of it? Should it not be paid back into the State of origin?

Thank God o. Hope it will be managed well

Dat one na saraa. Meanwhile, borrowing continues.

That one is for malami and his fulani brothers retirement 😄😄😄

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