FG: How We’ll Use the £4.2m UK Govt Seized from Ibori’s Associates
The Federal government on Tuesday said the £4.2m to be returned from the United Kingdom government world be used on the 2nd Niger Bridge, Abuja-Kano road, and Lagos-Ibadan Express road projects. The fund was seized from friends and family members of Delta State’s former governor, James Ibori.
Speaking at the signing of a Memorandum of Understanding (MoU) between both countries, the Nigerian Attorney-General and Minister of Justice, Abubakar Malami (SAN), said the recovery of the stolen fund is part of the efforts of the current administration to fight corruption.
Earlier, the British High Commissioner in Nigeria, Catriona Laing, who announce the return of the fund, had said her home government was repatriating the money to Nigeria as part of process to cementing trust between both countries.
Laing at the signing of the MoU at the Conference Hall of the Ministry of Justice said the money was recovered from friends and family members of the former governor.
She lamented that many Nigerians were in the habit of siphoning money from the country to the UK, saying that has also affected the level of trust between the two countries.
Laing however warned that the UK will no longer be used as a destination for looters to siphon proceeds of crimes.
Based on the agreement signed, the £4.2million is to be returned two weeks from now.