Featured Politics News

Nigeria receives £4.2m Ibori loot – Malami

Nigeria received the 4.2 million Pounds the British Government recovered from family members and associates of former Delta Governor, James Ibori.

This is contained in a statement issued by Minister of Justice, Abubakar Malami’s SpecialAssistant on Media and Public Relations,  Dr Umar Gwandu on Tuesday in Abuja.

He said the amount has been credited into the designated Government account with naira equivalent value of the amount as at May 10.

TBI Africa reports that the Minister had signed Memorandum of Understanding for the repatriation of the Ibori loot on behalf of the Federal Government of Nigeria with the UK.

The development, according to Malami, was a demonstration of the recognition of the reputation Nigeria earned through records of management of recovered Nigeria’s stolen funds in the execution of public oriented projects

Related posts

World Bank grants N70m to 7 Enugu communities for development projects – Official

Editor

Micro economic implications of selling sachet water at N20

Our Reporter

LCCI blame Nigeria’s overdependence on imports for free fall of naira

Our Reporter

Banks drive 85% financial sector’s contribution to turnover

Our Reporter

JAMB releases 2022 UTME results

Editor

Increased trade activities post-lockdown to drive VLSFO demand’

Our Reporter