Home Finance FG returns recovered £4.2m Ibori loot to Delta

FG returns recovered £4.2m Ibori loot to Delta

by Business News Report

The federal government has returned repatriated loots by Ibori to Delta state government. The Accountant General of the Federation, Mr. Ahmed Idris said the £4.2 million looted by a former Governor of Delta State, James Ibori, and repatriated to Nigeria from the United Kingdom recently, has been returned to the state.

Idris made this known in Abuja on Tuesday when he appeared before the House of Representatives’ Ad hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective Efficient Management and Utilisation.

The Accountant-General, who was grilled by the committee for over one hour, stated that such funds looted from the treasury of a state were always returned to the state. He added that states could sue the Federal Government to recover such funds.

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