The Federal Government has declared its commitment towards the return of looted Nigerian assets kept outside the country.
Dr Umar Gwandu, Special Assistant on Media and Public Relations to the Attorney General of the Federation and Minister of Justice, Abubakar Malami, (SAN), in a statement on Monday in Abuja, said “Any moment from now, Nigeria will get the return of the 4.2 million pounds seized from the associates of convicted former Governor of Delta, James Ibori.
“Sometimes when a country transfers funds, it may take a little more time than expected due to some documentations.
“My office and other relevant government agencies will keep the public informed once the Ibori loot is received and confirmed,” Umar Gwandu said.
He said the federal government is in touch with the government of the United Kingdom on the matter.
“Documentations with the banks in different countries often take longer than expected. We anticipated two weeks but we are not in control of the banks,” he added.
Malami maintained that the government is working assiduously to make sure that the transfer goes through successfully.
He assured that there is neither complacency nor undue delay as efforts are being made to ensure successful transfer of the funds.
The UK and Nigerian governments signed an agreement on March 9, for the £4.2m recovered by UK agencies to be sent back to Nigeria for infrastructure projects, including the Lagos to Ibadan Expressway, the Abuja to Kano road and the second Niger Bridge.
TOS News gathered this is the first time that money recovered will be returned to Nigeria since an agreement was signed in 2016.
The former governor of Delta State, James Ibori was convicted of money laundering in the UK in 2012 said to have stolen an estimated £117m from the oil-rich state.