The British Government has agreed return £4.2million to Nigeria which is part of the funds recovered from former Delta Governor, James Ibori.
The British High Commission to Nigeria, Ms Catriona Laing, who disclosed this on Tuesday in Abuja, said this was the first tranche of such planned returns, The Nation reports.
Laing said what is currently being returned were retrieved from friends and family members of Ibori.
She noted the Ibori case is complicated and the United Kingdom authorities were still working on the total actual amount involved in the case.
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Laing, who spoke at a ceremony for the signing of a memorandum of understanding (MOU) between both countries in Abuja, assured more of such recoveries from the Ibori case would be returned to Nigeria in due course.
Nigeria’s Attorney General and Minister of Justice, Abubakar Malami, who signed for the country, disclosed that President Muhammadu Buhari has directed the returned loots be deployed to completion of the second Niger Bridge, the Lagos to Ibadan expressway and the Abuja to Kano expressway projects.
