25.2 C
Lagos
Thursday, May 19, 2022

JAMES IBORI : UK PROMISES TO RETURN TO NIGERIA £4.2M STOLEN BY EX-GOVERNOR

Date:

The UK has promised to return to Nigeria £4.2m ($5.8m) which was stolen by a former governor. Former Delta State Governor James Ibori was convicted of money laundering in the UK in 2012. He is thought to have stolen around £50m from the oil-rich state.

This is the first time that money recovered from criminals will be returned to Nigeria since an agreement was signed in 2016, the UK authorities say. The UK and Nigerian governments signed an agreement on Tuesday that the £4.2m recovered by UK agencies would be sent back to Nigeria for infrastructure projects, including the Lagos to Ibadan Expressway, the Abuja to Kano road and the second Niger Bridge. @ BBC

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

spot_imgspot_img

Popular

More like this
Related

Unveiling of Manuals: Buhari Commends Bawa, Urges Other Agencies to Emulate EFCC

President Muhammadu Buhari today Friday March 25, 2022, commended...

Alleged $1.6bn Oil Fraud: Omokore Denies Buying Houses, Cars for Diezani, NNPC Bigwigs

The money laundering and procurement fraud trial of  Olajide...

Unveiling Lenzo Homes ….the most sought after real estate firm in abuja

LENZO HOMES LTD is Real Estate, Investment and...

Press ReleaseK1 DE ULTIMATE, OTHERS SET TO HONOUR SIKIRU AYINDE BARRISTER AT MAIDEN COLLOQUIUM

Arrangements have been concluded to host the maiden edition...