FG receives €4.2m Ibori loot, Malami says

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has received 4.2 million Euros looted funds recovered from from the family members and associates of former Delta Governor, James Ibori by the British Government.

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

This is contained a statement issued by Malami’s spokesman, Dr Umar Gwandu.

“The of the and Minister of Justice, Abubakar Malami, SAN signed the Memorandum of Understanding for the repatriation of the Ibori loot on behalf of 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 the execution of oriented projects.”