Sunday, May 16, 2021

Why Retrieving £4.2m Ibori Loot From UK Is Delayed – Malami

The Attorney General of the Federation and Minister of Justice, Abubakar Malami on Monday said any moment from now, Nigeria expects the return of £4.2million seized from the associates of convicted former Governor of Delta State, James Ibori.

In a statement on Monday by his Special Assistant on Media, Dr. Umar Jibril Gwandu, Malami said the Federal Government was working tirelessly to ensure the return of looted Nigerian assets kept outside the country’s territorial boundaries

Malami assured that any moment from now, Nigeria would receive the Ibori loot, explaining sometimes, when a country transfers funds, it may take a little bit more time than expected due to some documentations.

“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.

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“There is neither complacency nor any delay as efforts are being made to ensure successful transfer of the looted funds,” he said

Malami said his office and other relevant government agencies will keep the general public informed once the Ibori loot is received and confirmed.

He said the Federal Government was in touch with the government of the UK on the matter.

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