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£4.2m Ibori loot returned to Delta State – Account General

745ng | May 25, 2021

Accountant General of the Federation, Ahmed Idris, revealed that the Federal government has released the £4.2 million recently recovered Ibori loot to the Delta state government.

Ahmed Idris said this during his appearance before the House of Representatives Ad hoc Committee on “Assessment and Status of all Recovered Loots Movable and Immovable Assets”

The Federal government and the Delta state debated over the recovered funds after Delta state government insisted that the recovered funds be returned back to the state’s coffers

Ibori's £4.2m Loot Returned To Delta State Govt – Accountant-General –  Channels Television

But the Federal government had argued that the recovered loot should be used to finance some Federal projects but the state government objected the move.

Recall that the Minister of Justice and Attorney General of the Federation, Abubakar Malami last week, announced that the Naira equivalent of the loot had been deposited in a Nigerian account.

In response to the legislators on the difference between the Federation and Consolidated Revenue Fund Accounts of the Federation, and the desegregation of Recovered Assets and funds, Idris revealed that the money has been transferred to Delta state government.

Meanwhile, The Delta state government is yet to confirm if the recovered Ibori loot has been transferred to its coffers.


Written by 745ng


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