Breaking: Federal Government of Nigeria received #4,214,017 loot connected to former Delta State Governor, James Ibor

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Attorney-General of the Federation and Minister of Justice, Abubakar Malami

The Federal Government of Nigeria has received #4,214,017 loot connected to former Delta State Governor, James Ibori. Attorney-General of the Federation and Minister of Justice, Abubakar Malami made the affirmation on Thursday. His spokesman,” Umar Gwandu, in a statement, said the designated government was imputed with the Naira equivalent on May 10. Malami signed the Memorandum of Understanding to the repatriation of the Ibori loot on behalf of the federal government. The AGF said the repatriation was in recognition of Nigeria’s reputation earned through the direction of stolen public funds.

Read also: Breaking: Buhari, on Tuesday, urged the Senate to approve a fresh outside loan of N2,343,387,942,848.00, roughly $6.183 billion

Ibori was Governor from May 29, 1999, to May 29, 2007. In April 2012he received a 13-year prison sentence after admitting fraud of nearly #50million. He cautioned two weeks before, to conspiracy to launder funds, substantive counts of money laundering and one count of obtaining a money transfer by deception and fraud. Judge Anthony Pitts told Southwark Crown Court in London in the light of different things, help Ibori’s loot”could be in excess of 200 million, it is difficult to tell”.The Metropolitan Police estimated that Ibori embezzled #157 million of state money.” James Ibori’s sentence sends a powerful and important message to people who attempt to use Britain as a refuge for their crimes”, stated Andrew Mitchell, subsequently UK International Development Secretary.

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