Connect with us


Why Nigerian govt returned £4.2m Ibori loot to Delta State —Accountant-General



The Accountant General of the Federation, Ahmed Idris on Tuesday disclosed that the £4.2m looted by ex-Delta State Governor, James Ibori, has been returned to the state.

Ripples Nigeria had reported that the Attorney-General of the Federation, Abubakar Malami on March 9 said the loot would be used for infrastructural development and not returned to the Delta State Government where it was pilfered from.

“The major consideration relating to who is entitled to a fraction or perhaps the money in its entirety is a function of law and international diplomacy,” Mr. Malami noted.

However, the Accountant-General on Tuesday told the House of Representatives Ad hoc Committee that recoveries are made by the Federal Government on behalf of states.

According to him, any recovery arising from looted funds from a particular state would go directly to the states.

Read also: SERAP urges Buhari to ensure full disclosure of expenditure on recovered $700m Ibori loot

“Such recoveries go specifically to those states. Honourable Chairman, any recovery arising from the looted funds from a particular state goes to the state. The state governors will not even allow this to fly.”

He added, “Some recoveries are for some state governments, specific state governments. I know there was a time recovery was made on behalf of Plateau State, there was one for Bayelsa, there is one for Delta,” he said when asked where the money was diverted to.

“You know they will not. They will take the Federal Government to court for holding their money. So we don’t joke or play with that, we pay them their money.”

By Mayowa Oladeji…

Join the conversation


Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

If you are motivated and passionate about building a global society, founded on justice, equity, fairness, transparency, accountability and superior knowledge, kindly consider donating to Ripples Nigeria’s solutions journalism.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

3 × 1 =