Former Governor Ibori Loot Totaling £4.2 million Has Been Returned To Nigeria.

Nigerian government has reportedly received in its account monies looted out of Nigeria by former Delta state governor Ibori...

The monies totaling £4.2 million has been confirmed by Nigeria's attorney general
Abubakar Malam via a statement issued by his spokesman, Dr Umar Gwandu, on Tuesday, May 18.

Malami said the naira equivalent of the amount has been credited to the designated account of the federal government.

In March, the Minister had signed a Memorandum of Understanding for the repatriation of the Ibori loot on behalf of the Federal Government of Nigeria, which was followed by an announcement ceremony in Abuja attended by the British High Commissioner to Nigeria, Catriona Laing, and other officials.

The development, according to Malami, was a demonstration of the recognition of reputation Nigeria earns; through records of management of recovered stolen funds in the execution of public-oriented projects.

The government had announced the use of the funds for the completion of ongoing work; on the 2nd Niger Bridge, Abuja to Kano and Lagos Ibadan expressways; which were already being funded by the recovered $311m Abacha Loot III.
 Via dailypost.