UK To Return Ex-Governor’s N1.7BN Loot

A sum of £1.2 million had previously been returned to Nigeria while an additional £80 million has also been confiscated.

The United Kingdom is set to return the sum of £ 6.8 million (N1,798,624,242.00) to Nigeria as part of looted funds it seized from the former Governor of Delta State, James Onanefe Ibori.

A sum of £1.2 million had previously been returned to Nigeria while an additional £80 million has also been confiscated.

This was disclosed on Tuesday, November 4, by Mr. Rupert Broad, a Senior Investigator with the UK Metropolitan Police during a meeting on “Supporting Policing in Nigeria: What Role for Police in the Nigerian Diaspora” which was held at the House of Commons.

Broad said:

“Out of the eight million pounds confiscated from Ibori, 1.2 million pounds had so far been returned to Nigeria, while the rest was waiting for redistribution as to when it would be sent back to Nigeria.”

“Approximately, 80 million pounds 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,” he added.

Ibori was in April 2012 sentenced to 13 years imprisonment after being found guilty of fraud and money laundering by a British Southcrown Court.

# pulse.ng