Wednesday, November 5, 2014

UK to Return £6.8m James Ibori Loot to Nigeria

The United Kingdom government is set to return an additional £6.8 million of the confiscated loot of former Delta State Governor, Chief James Ibori, to Nigeria.

The UK Metropolitan Police Senior Investigator, Mr. Rupert Broad, disclosed this in London yesterday at a meeting on “Supporting Policing in Nigeria: What Role for Police in the Nigerian Diaspora” held in the House of Commons, the News Agency of Nigeria (NAN) reported.
UK to Return £6.8m James Ibori Loot to Nigeria
Former Delta State Governor, Chief James Ibori. (Middle)
However, commenting on the development, a public policy analyst wondered if the federal government would upon receipt of the £6.8 million, do the needful by returning the funds to the Delta State Government, which is the true owner and beneficiary of the Ibori loot.

While speaking on the UK and Nigeria’s anti-corruption partnership, Broad said: “Out of the £8 million confiscated from Ibori, £1.2 million had so far been retuned to Nigeria, while the rest was waiting for redistribution as to when it would be sent back to Nigeria.”

He also said an additional £80 million had been temporarily confiscated from Ibori and his associates, including one of his lawyers, Mr. Patrice Gohil.

“Approximately, £80 million is temporarily frozen and a confiscation hearing has been fixed for April 2015, where the judge will determine how much was stolen, after which it would be returned to Nigeria.”

The British Southcrown  Court in April 2012  sentenced  Ibori  to 13 years jail term for fraud and money laundering.

Will FG return funds to Delta?
Culled from This Day Live www.thisdaylive.com

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