Stella Dimoko Korkus.com: UK Agrees To Return Nigeria’s $85m Malabu Oil Loot

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Monday, 18 December 2017

UK Agrees To Return Nigeria’s $85m Malabu Oil Loot

After many years of legal fireworks, the United Kingdom has given the final clearance for Nigeria to draw down a whopping $85million seized from entities embroiled in the controversial Malabu Oil scam.





The Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN, who confirmed the development yesterday in Abuja, said the money was not yet in the coffers of Nigeria but would soon be repatriated.


Malami said: “Final judicial order for the remittance of the money to the Federal Government of Nigeria was granted by the UK’s court on Friday and the money is now due for remittance any moment from now. The $85 million is what remains in the UK courts funds office after years of legal wrangling.


Nigeria’s Solicitor-General, Dayo Apata, attended the court hearing, saying “we are very happy about this ruling. It has been a long road but there is light at the end of tunnel.


From Vanguard

6 comments:

Miss Ess said...

Alright, good to know

Kidjo(It's A New Dawn) said...

Hmmm.thank God o, I hope Mr pro-corruption is not going to reloot the money😕😕😕

Happy woman said...

OK oooo

Anonymous said...

hmmm only..oprah is richer than that

Paul Okah said...

Well,it's not really a great news in a way because the money will disappear within government circles...

Just Bella. said...

Issokay....

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