Malami says documentation with foreign banks cause of delay in repatriation of Ibori’s loot
Attorney-general of the federation (AGF), Abubakar Malami has explained why the £4.2 million seized from former Governor of Delta State James Ibori is yet to be returned to Nigeria.
In a statement signed by Umar Gwandu, Special Assistant on Media and Publicity to Malami on Monday, he said the documentation process in foreign banks is taking longer than anticipated.
“Documentations with the banks in different countries often take longer than anticipated. We anticipated two weeks but we are not in control of the banks,” the AGF said.
He said the federal government “is in touch with the government of the United Kingdom on the matter”.
“There is neither complacency nor any delay as efforts are being made to ensure successful transfer of the looted funds,” the statement read.
Malami said any moment from now, Nigeria will get the £4.2m seized from the associates of convicted former Governor of Delta State, James Ibori.”
Recall that the UK concluded negotiations with Nigeria to returning the £4.2 million loot recovered from Ibori and his associates in March.