FG receives €4.2m Ibori loot, Malami says




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Federal Government has received 4.2 million Euros looted recovered from from and associates former Delta Governor, James Ibori by British Government.


Federation (AGF) and Minister , Abubakar Malami, confirmed this development Tuesday, said amount has been credited into designated Federal Government account with naira equivalent.

This is contained in a issued by Malami’ , Dr Umar Gwandu.

“The of the Federation and Minister of , Abubakar Malami, SAN signed the Memorandum of Understanding for the repatriation of the Ibori loot behalf of the Federal Government of Nigeria.

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

(NAN)