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UK to send millions of pounds recovered from corrupt officials back to Nigeria


Date Time
UK to send millions of pounds recovered from corrupt officials back to Nigeria
The UK and Nigerian governments have signed an agreement today (Tuesday 9 March) to send £4.2 million (2.2 billion Naira) of stolen funds recovered by UK agencies back to Nigeria, where it will be spent on key infrastructure and building works for the Nigerian people.
This is the first time that money recovered from criminals will be returned to Nigeria since an agreement was signed in 2016 to recover and return the proceeds of bribery or corruption in a responsible and transparent way.
The money – stolen by the former Governor of Nigeria’s Delta State, James Ibori, and his associates – was retrieved through operations led by UK law enforcement agencies, who worked to identify assets bought in the UK with illicit funds and recover them. In February 2012, Mr Ibori pleaded guilty in a UK court to money laundering, conspiracy to defraud, and forgery, and was sentenced to a ....

United Kingdom , Abuja Federal Capital Territory , Federal Republic Of Nigeria , Abubakar Malami , Catriona Laing , Adrian Foster , James Duddridge , James Ibori , Cleen Foundation , Development Office , Home Office , Monitoring Team , Crown Prosecution Service , Police Service , National Crime Agency , Nigeria Sovereign Investment Authority , Delta State , Kingdom Minister , Ibadan Expressway , Office Minister , Baroness Williams , Crown Prosecutor , Metropolitan Police Service , Foreign Commonwealth , British High Commissioner , Nigerian Minister ,