• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
AFRIPOL

AFRIPOL

en English
ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish
  • Home
  • About Us
  • Mission Statement
  • Articles
  • Book Review
  • Archive
  • Contact Us

Britain return to Nigeria $6 mn stolen by ex-governor James Ibori

May 19, 2021 by Admin Leave a Comment

Written by AFP

Nigeria has received 4.2 million pounds ($5.9 million) looted by a former governor, who was jailed in Britain for money laundering and fraud, the justice minister said Tuesday. The money was stolen by James Ibori, the flamboyant governor of the southern oil-rich Delta state between 1999 and 2007. A landmark corruption case led to a deal in March signed by Nigeria and Britain on repatriating the money.

The deal stipulates that Nigeria will use the funds to finance vital infrastructure projects. A spokesperson for Justice Minister Abubakar Malami said “the Federal Government of Nigeria has received GBP 4,214,017.66.” “The amount has been credited into the designated Federal Government account with naira equivalent value of the amount as of 10th May, 2021,” the spokersperson, Umar Jibrilu Gwandu, said in a statement.

Ibori was jailed in April 2012 for fraud amounting to nearly 50 million pounds (at the time $78.6 million or 62 million euros). The one-time cashier at a chain of British DIY stores used public funds to buy luxury homes, top-of-the-range cars and a private jet. He fled to Dubai in 2010 but was extradited to Britain, where he was sentenced and served four years of a 13-year jail term. He was released in December 2016.

Scotland Yard said that during his two terms as governor, Ibori “systematically stole funds from the public purse, secreting them in bank accounts across the world.”
Anti-corruption campaigners hailed his sentence as a rare victory in the fight against international graft. Millions of dollars stolen by former military ruler Sani Abacha have also been repatriated to Nigeria from Switzerland and other countries. Abacha died in June 1998 after reputedly looting some five billion dollars.

Filed Under: Articles Tagged With: Nigeria

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published.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

Primary Sidebar

More to See

Buga’s Kizz Daniel arrested in Tanzania, later released (video)

August 9, 2022 By AFRIPOL

Democracy is about choice – Julius Malema (video)

August 7, 2022 By Admin

RSS AllAfrica News: Latest

  • Mali: France Says Barkhane Mission Troops Fully Withdraw From Mali
    [DW] The French military on Monday confirmed that its last soldier with the Barkhane anti-terror mission in Mali had left the West African country.
  • Kenya: Ruto Declared President-Elect After Attaining 50% Plus One Threshold
    [Capital FM] Nairobi -- Deputy President William Ruto has been declared President-Elect after sailing past the '50 per cent plus one' constitutional threshold that requires a winner in a presidential election to garner 50 per cent of votes cast and an additional vote to avoid a runoff.
  • South Africa: Water and Sanitation On Western Cape Water Situation
    [Govt of SA] Latest update on Western Cape water situation
  • South Africa: Communication Research Key to SA's Pandemic Management
    [SAnews.gov.za] Government Communication and Information System (GCIS) Director-General, Phumla Williams, says robust communication research was crucial to South Africa's successful efforts to curb the spread of Coronavirus.
  • South Africa: Condolences for Renowned Musician Tokollo Tshabalala
    [SAnews.gov.za] Minister of Sport, Arts and Culture, Nathi Mthethwa, has paid tribute to musical icon, Tokollo Tshabalala, affectionately known as "Magesh," for his contribution to the sector.
  • South Africa: North West Health Refutes Reports of Severe Medication Shortages in Facilities
    [Govt of SA] Department refutes reports of severe medication shortages in facilities

Tags

Achebe Africa Anambra Boko Haram Buhari CBN Corona Virus Egypt Igbo IMF Inflation Jonathan Kenya Nigeria Okonjo Iweala Peter Obi Sanusi Senate Soludo South Africa Soyinka United States
  • Facebook
  • Instagram
  • Twitter
  • YouTube

Archives

Footer

Africa Political and Economic Strategic Center, AFRIPOL is foremost a public policy center whose fundamental objective is to broaden the parameters of public policy debates in Africa. To advocate, promote and encourage free enterprise, democracy, sustainable green environment, human rights, conflict resolutions, transparency and probity in Africa.

Recent

  • Fulani group rejects Myetti Allah comment on Peter Obi: ‘Cannot be used as tools of extortion and religious sentiment’
  • Buhari is God’s punishment imposed on Nigerians – Abm. Yemi Farounbi
  • Nigeria’s inflation rate increases to almost 20% in July 2022 — NBS
  • Is Buhari a Nigerian?
  • William Ruto wins presidential poll in Kenya

Search

Tags

Achebe Africa Anambra Boko Haram Buhari CBN Corona Virus Egypt Igbo IMF Inflation Jonathan Kenya Nigeria Okonjo Iweala Peter Obi Sanusi Senate Soludo South Africa Soyinka United States

Copyright © 2022 · AFRIPOL