Plans To Recover ‘Additional £100m’ Linked To Ibori Underway – FG

The federal government says it’s following the trails of additional looted assets up to £100 million traced to James Ibori, former governor of Delta state.

Speaking when he featured on a Channels Television programme on Tuesday, Abubakar Malami, attorney-general of the federation, said the federal government had only recovered £4.2 million from around £100 million siphoned by the former governor and his cohorts.

When asked what the government is doing to repatriate other looted funds abroad, Malami said the federal government is still after extra loots linked to Ibori and Sani Abacha, former head of state.

“The quantum of the amount involved was within the region of £100 million. It is out of it that we succeeded in the recovery of £4.2 million. We are still pursuing additional sums within the estimated region of £100 million. That would be a function of conviction, as I stated earlier, and subsequent recovery process,” he said.

“There is still another component of Abacha’s asset being pursued for recovery and that is within the region of $100 million.

“The assets that we’re now pursuing within the immediate reach are additional Ibori and Abacha assets and, some of these assets are within the region of £100 million relating to Ibori, and $100 million to Abacha.”

On Tuesday, the United Kingdom said it would return £4.2 million loot recovered from Ibori and his associates.

Malami said the recovered loot will be used to finance Lagos–Ibadan, Abuja–Kano expressways and second Niger bridge projects.

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