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$4.2 Million Ibori Loot Sparks Fresh Row As Nigerian Government, Delta State Lock Horns Over Ownership

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The Lawyer-Basic of the Federation, Abubakar Malami (SAN), on Monday attributed the delay within the return of the £4.2m seized from a former governor of Delta State, James Ibori, and his associates from the UK to Nigeria to points round financial institution documentation.

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He stated though the Federal Authorities had anticipated two weeks inside which the loot would have been repatriated, it (the federal government) was not answerable for the banks.



The minister’s Particular Assistant on Media and Public Relations, Dr Umar Gwandu, disclosed this in a press release titled ‘Ibori loot anticipated quickly -Malami.’

Recall that the Federal Authorities, by Malami, had on March 9, 2021, signed a Memorandum of Understanding with the UK on the return of the Ibori loot.

Regardless of the delay within the return, the minister assured Nigerians that the federal government is working tirelessly to make sure the return of the Ibori loot and different looted Nigerian property stored exterior the nation’s territorial boundaries.

“Documentation with the banks in numerous international locations typically takes longer than anticipated. We anticipated two weeks however we aren’t answerable for the banks.

“There’s neither complacency nor any delay as efforts are being made to make sure profitable switch of the looted funds,” Malami was quoted as saying.

He stated the loot is being anticipated “any second from now.”

In the meantime, Governor Ifeanyi Okowa of Delta State insisted that the £4.2m seized from Ibori and his associates belongs to the state and returned to the state.

The governor, who spoke by his Chief Press Secretary, Mr Olise Ifeajika, in an interview with The PUNCH on Monday, stated, “Governor Okowa had advised this nation that he has gone right into a dialogue with Federal Authorities, letters have been written to the federal authorities to state our place and even ship our personal Lawyer Basic to Lawyer Basic of the Federation.”

In a associated improvement, the Pan Niger Delta Discussion board once more took a swipe and stated the Federal Authorities’s insistence on taking possession of the £4.2m stated to have been looted by Ibori was unacceptable.

Nationwide Publicity Secretary of PANDEF, Mr. Ken Robinson, who acknowledged this whereas talking with The PUNCH on Monday, stated the cash must be handed over to Delta State the place it belonged.

Additionally, a Niger Delta socio-political group, the Ijaw Peoples Improvement Initiative, kicked in opposition to the Federal Authorities’s resolve to take possession of the £4.2m seized from a former governor of the state and his associates.

In a press release signed by its President, Austin Ozobo, IPDI stated, “the cash was stolen from Delta State treasury and never from the Federal Authorities”.

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