Over N527bn James Ibori loot and N41bn Abacha loot still being expected — AGF, Abubakar Malami

The Federal Government says over £100m (N527bn), allegedly stolen by a former Governor of Delta State, James Ibori, and his associates is still being expected.

The Attorney-General of the Federation, Abubakar Malami (SAN), said this on Channels Television’s Politics Today’ programme on Tuesday. He said apart from the Ibori loot, $100m traced to the late Head of State, Gen Sani Abacha, was also being expected.

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“As it is we have succeeded in recovering £4.2m from the UK. We are still pursuing other assets even as it relates to the Ibori assets.

The quantum of the amount involved was within the region of over £100m (N2.2bn) and it is out of it that we have succeeded in recovering a fraction of £4.2m and we are still pursuing an additional sum within the region of £100m (N527bn) and that will be a function of conviction and subsequent recovery process,” he said.

The AGF said the money would not be handed over to the Delta State Government because the crime that led to the diversion of the funds was a federal one.