The United Kingdom has announced plans to return the sum of £4.2 million pounds it confiscated from the former Delta State Governor, James Ibori when he was convicted of money laundering in 2012.
The UK authorities disclosed that this will make it the first time stolen money from criminals will be returned to the country based on an agreement signed in 2016.
The money is due to be returned to the country and will be channelled towards infrastructure investments in Nigeria. The former governor who served 3 years out of his 10 year sentence challenged his sentence at the Court of Appeal at the European Court of Human Rights.
He maintained that if he had known about the corruption charge filed against him, he would not have pleaded guilty to the £50 million money laundering charge, which he is beleived to have misappropriated to himself.
