£4.2m Ibori Loot: Accountant General Makes U-turn, Says Delta Yet To Be Paid


By Ayo Kehinde



Against the backdrop of an earlier statement claiming that his office had returned to Delta State , the 4.3 million pounds Ibori loot, the Office of the Accountant General of the Federation (OAGF) has made a u-turn, saying it wished to put the records straight.

 Accountant General of the Federation (AGF), Ahmed Idris, had said yesterday in Abuja that the government had returned the £4.2 million to the state. Idris who made the statement when he appeared in Abuja before the House of Representatives’ Ad-hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective, Efficient Management and Utilisation, said the loot was paid to the Delta State government, when asked when it was paid into.

Earlier,  the Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami, had said the agreement the Federal Government had with the British government was to use the repatriated funds to complete some specific ongoing projects in the country.

Henshaw Ogubike, Director of Information, Press and Public Relations of the Ministry said “the issue of the £4.2m Ibori Loot has not been properly resolved. The money is still being awaited, after which the issues around it will be resolved before further action is taken. For now, no money has been returned to Delta State.

“This explanation is without prejudice to the proceedings at the public hearing that took place yesterday during which the AGF was only making general comments about recoveries relating to State Governments. This is the true position as regards the £4.2m Ibori Loot.”

But on May 17,2021, Malami said Nigeria received £4.2m Ibori loot from U.K. He said the naira equivalent of the £ 4.2million was paid into Nigeria’s designated account.