Breaking News: UK Government Set To Return £4.2m Jame Ibori Loot

The United Kingdom has signed a Memorandum of Understanding (MoU) to return the sum of £4.2 million assets stolen by former Delta State Governor, James Ibori to Nigeria.

The British High Commissioner to Nigeria, Catriona Laing, announced this in Abuja, the Nigeria capital on Tuesday.

Laing at the signing of the MoU at the Conference Hall of the Ministry of Justice, said the money was recovered from friends and family members of the former governor.

She lamented that many Nigerians were fond of siphoning money from the country to the UK, adding that that has also affected the level of trust between the two countries.

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The High Commissioner then warned that the UK will no longer be used as a destination for looters to siphon their proceeds of crimes.

The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, said the recovery of the stolen fund is part of the efforts of the administration of President Muhammadu Buhari in fighting corruption.

He added that the money will be used for the construction of the second Niger Bridge, Abuja-Kano road, and Lagos-Ibadan Express Road.

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The £4.2million is to be returned in two weeks’ time as stated in the signed agreement.

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