Monday, Jun 14th 2021 2:20 PM
Lagos
+29°C

Market Digest Nigeria

News

FG has returned recovered £4.2m

fec

BREAKING: FG has returned recovered £4.2m Ibori loot to Delta – Accountant General

The £4.2m looted by former Governor James Ibori recently repatriated by the Federal Government from the United Kingdom has been returned to Delta by the FG, Accountant General of the Federation, Mr Ahmed Idris has confirmed.

Idris disclosed this in Abuja on Tuesday when he appeared 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.

The Accountant-General told the Committee such funds looted from the treasury of a state are always returned to the state.

He added that states can sue the Federal Government to recover such funds.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

To Top
SUBSCRIBE NOW!
Get the best of Market Digest Nigeria financial news
delivered to your inbox daily!
By clicking Give it a try, I hereby: Agree and Consent to the Terms of Use and the Privacy Policy
& I may receive free newsletters & promotions from this site and can choose to unsubscribe anytime.