Categories: AFRICALatest

Nigeria: James Ibori Loot Expected ‘Any Moment From Now’, Justice Minister Malami Says

Nigeria is expected to “any moment from now” receive the return of £4.2m ($5.8m) – about N2.383b seized from associates of convicted fomer Delta State Governor, James Ibori.
Attorney General of the Federation and Minister of Justice, Abubakar Malami said the country is working tirelessly to ensure the return of looted assets kept outside the country’s territorial boundaries.
In a statement on Monday, Umar Jibrilu Gwandu, a special assistant on media and public relations at the office of the Attorney-General of the Federation and Minister of Justice, said citizens will be informed once the Ibori loot are received  and confirmed.
The media aide had quoted Mr Malami to have said “to this end, any moment from now, Nigeria expects the return of £4.2m seized from the associates of convicted fomer Governor of Delta State, James Ibori.
“Sometimes when a country  transfers funds, it may take a little bit time more than expected due to some documentations.”
He said the Nigerian Government is in  touch with the government of the United Kingdom on the matter.
“Documentations with the banks in different countries often take longer than  anticipated. We anticipated two weeks but we are not in control  of the banks,” the statement said.
He maintained that the Federal Government is working assiduously to make sure that the transfer goes through successfully.
“There is neither complacency nor any delay as  efforts are being made to ensure successful transfer of the looted funds,” he said.
By Abel Ejikeme

Follow us on:

AriseNews

Recent Posts

Voting Begins in US Presidential Election As Trump And Harris Face Off

Americans are headed to the polls to choose the next president in a tightly contested…

15 mins ago

Court Dismisses Case Against Protesters Charged Over Protests, Releases Minors Charged With Treason

An Abuja court has struck out the case against #EndBadGovernance protesters as the AGF discontinued…

2 hours ago

Britain Detects Two Additional Cases Of New Mpox Variant, Total Reaches Three

The UK has confirmed two more cases of the new mpox variant, clade Ib

2 hours ago

Ekiti Chief Judge Oyewole Adeyeye Passes Away From Injuries Sustained In Court Building Collapse

Ekiti mourns as Chief Judge Justice Adeyeye dies, succumbing to injuries from a court building…

3 hours ago

Boeing Workers End Seven-Week Strike After Accepting 38% Pay Increase

Boeing workers have accepted a new contract with a 38% raise, ending a seven-week strike…

3 hours ago

Trial Underway for Eight People Accused of Inciting Murder of Teacher Samuel Paty

Eight individuals are on trial in Paris, accused of inciting the murder of teacher Samuel…

3 hours ago