The Attorney-General of the Federation and Minister of Justice, Abubakar Malami says the Federal Government is in receipt of the 4.2 million Pounds being the loot associated with the family members of former Delta State Governor, James Ibori.
Malami disclosed this in a statement by Dr Umar Gwandu his Special Assistant on Media and Public Relations 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.
The News Agency of Nigeria (NAN) 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.
