FG opens up delayed retrieval of £4.2m Ibori-linked loot from UK

Attorney General of the Federation (AGF) and Minister of Justice Abubakar Malami has said the delay experienced in retrieving the £4.2 million Ibori loot from the United Kingdom (UK) was a result of some logistic challenges currently being addressed.

The British High Commissioner to Nigeria, Ms. Catriona Laing, announced on March 9, this year, at a meeting with the AGF, that her country has concluded plans to return the money recovered from friends and family members of the former governor of Delta State, James Ibori to Nigeria.

In a statement on Monday by his Special Assistant on Media, Dr. Umar Jibril Gwandu, Malami said the Federal Government is 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 that sometimes, when a country transfers funds, it may take a little bit more time than expected due to some documentation.

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

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