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FG pursuing additional £100m loot linked to Ibori – Malami

Minister of Justice and attorney-general of the federation, Abubakar Malami said the federal government is still pursuing additional looted assets linked to former Delta state governor, James Ibori and Sani Abacha, former head of state.

Malami stated this on Tuesday during an interview programme on Channels Television .

He said the recovered £4.2 million is just a part of the £100 million traced to Ibori, adding that the federal government is also going after Abacha assets which is within the region of $100 million.

“The quantum of the amount involved was within the region of £100 million. It is out of it that we succeeded in the recovery of £4.2 million. We are still pursuing additional sums within the estimated region of £100 million. That would be a function of conviction, as I stated earlier, and subsequent recovery process,” he said.

“There is still another component of Abacha’s asset being pursued for recovery and that is within the region of $100 million.

“The assets that we’re now pursuing within the immediate reach are additional Ibori and Abacha assets and, some of these assets are within the region of £100 million relating to Ibori, and $100 million to Abacha.”

Recall that on Tuesday, the United Kingdom signed Memorandum of Understanding to return Ibori’s £4.2 million stolen assets to Nigeria.

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