The United Kingdom has promised to return to Nigeria £4.2 million (about N2.4bn)which was stolen by a former Delta State Governor.
The former governor, James Ibori was convicted of money laundering in the UK in 2012.
He is thought to have stolen around £50 million about 28.6 billion Naira from the oil-rich state.
This is the first time that money recovered from criminals will be returned to Nigeria since an agreement was signed in 2016, the UK authorities say.
The UK and Nigerian governments signed an agreement on Tuesday that the £4.2m recovered by UK agencies would be sent back to Nigeria for infrastructure projects, including the Lagos to Ibadan Expressway, the Abuja to Kano road and the Second Niger Bridge.
Follow us on:
President Tinubu mourns Justice Uthman Argungu’s passing, remembering his dedication to law and humanity with…
Nigeria's petrol prices are now ranked among the highest in Africa after subsidy removal, despite…
Overland Airways has launched Lagos-Banjul flights, aligning with SAATM and AfCFTA goals to boost intra-African…
Saipem, with KOA Oil & Gas and AVEON Offshore, has secured a $1bn Shell contract…
Atiku has criticised the 2025 federal budget, calling it inadequate to address Nigeria's challenges, with…
The federal government has cautioned politicians against politicising stampede incidents in Ibadan, Abuja, and Okija,…