The United Kingdom has signed a memorandum of understanding with Nigeria to return £4.2 million, part of the recovered loot stolen by former Delta State Governor, James Ibori.
According to reports the MOU which was signed by the British High Commissioner to Nigeria Catriona Laing on Tuesday, March 9, 2021, in Abuja will see the return of the loot arrive in Nigeria in two weeks.
While issuing a stern warning that the UK will no longer serve as a destination for Nigerian loot, Laing also revealed that te staggering figure belonging to Ibori was recovered from his friends and family members.
Speaking on the recovered loot, Nigeria’s Attorney General and Minister of Justice, Abubakar revealed that the money will be used for the construction of the second Niger Bridge, Abuja-Kano road and Lagos-Ibadan expressway.
James Ibori, who governed oil-rich Delta State from 1999 to 2007, was convicted on a 10-count charge of fraud and money-laundering and sentenced to 13 years in prison back in 2012.
Ibori returned to Nigeria in 2016 after serving half of his jail term in pre-and post-trial detention.
