The federal government has finally received from the United Kingdom the £4.2million recovered from former Governor of Delta State, James Ibori’s associates and family members, Nigeria’s Attorney-General of the Federation, Abubakar Malami, said on Tuesday.

This is according to the Minister of Justice and the Attorney-General of the Federation, Abubakar Malami, who disclosed this on Tuesday via a statement issued by his spokesman, Dr. Umar Jibrilu Gwandu.

He confirmed that the “Federal Government of Nigeria has received GBP 4,214,017.66 of the loot associated with the family members of former Delta State Governor, James Ibori.”

According to the statement, “the amount has been credited into the designated Federal Government account with naira equivalent value of the amount as of 10th May 2021.”

Malami was said to have signed the Memorandum of Understanding for the repatriation of the Ibori loot on behalf of the Federal Government of Nigeria.

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This comes about two weeks after Mr Malami said the payment of the money to Nigeria was being delayed   by documentation processes in foreign banks.

The money has been a subject of controversy, especially since the Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN), said the Federal Government would spend the money some of its projects, which are outside of Delta State.

The Delta State government and some lawyers have criticised the AGF, saying it would be wrong for the Federal Government to spend money looted from the state on projects in other states.