News

Buhari Returns £4.2m Ibori Loot To Delta Government

Federal Government has returned the £4.2 million Ibori loot repatriated from the United Kingdom to the Delta state government.

Nigeria’s Accountant-General, Ahmed Idris, made this known on Tuesday while addressing the Abuja House of Representatives Ad hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective Efficient Management and Utilisation.

Idris said the decision was in line with the laid down procedure as funds looted from a state are usually returned to the state.

The AGF noted that states could take the federal government to court if such funds are not returned.

Truetells Nigeria had reported how former Delta Governor James Ibori looted the funds during his time in office.

TruetellsNigeria

Recent Posts

EKEDC ADVISES CUSTOMERS AGAINST PAYING INDIVIDUALS FOR METER PROCUREMENT AND INSTALLATIONS

Eko Electricity Distribution Company (EKEDC) has urged its customers to avoid paying individuals and unauthorized…

10 hours ago

Japan Tobacco International Nigeria Remains Committed to Environmental Conservation, Marks 2024 World Clean-up Day

As part of its unwavering commitment to environmental preservation, Japan Tobacco International Nigeria, a member…

10 hours ago

Glo-sponsored African Voices Playmakers hosts Wole Soyinka

African Voices Playmakers, CNN International’s  magazine programme, will this week host world renowned playwright, dramatist,…

11 hours ago

WEMA BANK SET TO LAUNCH SEASON 4 OF ITS 5 FOR 5 PROMO REWARD INITIATIVE From October 1st, 2024

  Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank,…

11 hours ago

GTCO’s Guaranty Trust Bank named best bank for corporate social responsibility in Nigeria by Euromoney

Guaranty Trust Bank Ltd (“GTBank,” or “the Bank”), flagship subsidiary of Guaranty Trust Holding Company…

17 hours ago

40-year-old Nigerian man commits suicide over hardship

A 40-year-old man identified as Jibrin Adamu has committed su!cide by hanging himself in Marika…

19 hours ago