The federal government of Nigeria has signed a memorandum of understanding with the UK government for the return of confiscated assets of former governor of Delta State Jame Ibori from the United Kingdom.
Minister of Justice, Abubakar Malami made this known to newsmen while receiving the British high commissioner Catriona Laing at the Federal Ministry of Justice in Abuja
He noted that the federal executive council has directed that the returned assets which is 4.2million pounds to be used for the completion of the 2nd Niger bridge, Abuja-kano expressway and lagos-Ibadan expressway.
These projects will be supervised by the Social investment Authority
On her part the British high commissioner says efforts are being made to recover money directly from the former governor.
She stressed that money obtained through theft or criminality is not welcome in the UK, and the British government will ensure that the monies are returned to where they belong.
illicit financial crime is not only associated with Nigeria but a global issue and the United Kingdom is not a safe haven for any financial crime.
Federal Government, UK government sign agreement for the return of 4.2million pounds recovered from friends, family of former Delta State Governor, James Ibori @NigeriaGov @officialEFCC @MBuhari @ProfOsinbajo @DSGovernment @IAOkowa @MalamiSan pic.twitter.com/kHkQfTNAluAdvertisement
— TVC News (@tvcnewsng) March 9, 2021
The monies will be returned in the next few weeks.
James Ibori was the governor of Delta State from 1999 to 2007.
He pleaded guilty at London’s Southwark Crown Court in 2012, to 10 counts of fraud and money-laundering.
He was sentenced to a 13years imprisonment.