Wednesday, 5 November 2014

United Kingdom to return £6.8m of Ibori loot to Nigeria

The United Kingdom government is to return an additional 6.8 million pounds of the confiscated loot of former Delta Governor, James Ibori, to Nigeria, as disclosed in London by Mr. Rupert Broad-UK Metropolitan Police Senior Investigator on Tuesday.
Speaking at a meeting on “Supporting Policing in Nigeria: What Role for Police in the Nigerian Diaspora” held in 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.”
Ibori was sentenced to 13 years in prison for fraud and money laundering by British Southcrown Court in April 2012.
Mr. Rupert also attributed the success of the Ibori case to partnership with the nation’s Economic and Financial Crimes Commission (EFCC), which he said signified Nigeria’s commitment to the fight corruption.

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