The Attorney-General of the Federation, Abubakar Malami has today confirmed to newsmen that the €4.2 million looted funds by James Ibori and his associates have been recovered by the federal government.
According to him, the Naira equivalent had been remitted into th e Federal Government account in a statement issued by his spokesperson, Dr Umar Gwandu. The statement read in part;
“The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN signed the Memorandum of Understanding for the repatriation of the Ibori loot on behalf of the Federal Government 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 in the execution of public-oriented projects.”
The newly returned funds had in the past generated some controversy after Delta State, claimed that since the sum was stolen as part of proceeds from their state, it should be returned to the same but the move was discounted by the Federal Government.
