- Delta state will benefit nothing from the recovered Ibori loot
- This was disclosed by Abubakar Malami, the attorney-general of the federation
- According to him, the recovered money will be used for some projects
Delta state government will not be given a kobo out of the recovered James Ibori loot, the attorney-general of the federation and minister of justice, Abubakar Malami, has insisted.
Also, the attorney general said the federal government would deviate from the agreement reached with the United Kingdom government concerning the disbursement of the fund, Punch reports.
According to Malami, the money will be used for some projects according to the agreement reached.
“The way international diplomatic processes operate with particular regard to the recovery of looted asset is more or less about engagement among the nations of interest."
Recall that Legit.ng reported that the federal government said that the British government had formally paid the £4,214,017.66 looted funds recovered from family members and associates of former Delta state governor, James Ibori, into its designated account.
Legit.ng had previously reported that Yemi Candide-Johnson, a Senior Advocate of Nigeria (SAN) revealed the reason why the £4.2million looted by Ibori can't be claimed by Delta state.
It was reported that the United Kingdom signed a Memorandum of Understanding (MoU) to return the sum of £4.2 million of stolen assets by Ibori.
The senior lawyer argued that the funds are owned by the UK government in accordance with its laws giving it the power to confiscate proceeds of crime from persons convicted via the British judicial system.
Also, Legit.ng reported that human rights lawyer, Femi Falana explained why the £4.2million looted by Ibori should be returned to Niger Delta state.
Falana in an interview said that the federal government cannot lay claim to the fund under any law.
The lawyer commended the federal government for pursuing the recovery of the looted funds. He, however, pointed out that the just thing to do is to return the money from where it was stolen.