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Wednesday, 5 November 2014

UK TO RETURN £ 6.8 MILLION OF IBORI STOLEN MONEY TO NIGERIA


The United Kingdom government is to return an additional 6.8 million pounds confiscated from jailed former Delta Governor, James Ibori, to Nigeria.
U.K. Metropolitan Police Senior Investigator, Rupert Broad, made this known  in London, yesterday November 4th on Tuesday at a meeting on “Supporting Policing in Nigeria: What Role for Police in the Nigerian Diaspora” held in the House of Commons.

 Mr. Broad said “out of the eight million pounds confiscated from Ibori, 1.2 million pounds had so far been returned to Nigeria, while the rest was waiting for redistribution as to when it would be sent back to Nigeria.”
There are reports that “Approximately, 80 million pounds is temporarily frozen and a confiscation hearing has been fixed for April 2015, where the judge will determine how much was stolen, after which it would be returned to Nigeria.”

Ibori who is still serving 13-year jail term, was sentenced by the British Southcrown Court in April 2012 for 13 years after being convicted for fraud and money laundering


Source:The News Agency of Nigeria (NAN)

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