Finance
FG returns recovered £4.2m Ibori loot to Delta
The federal government has returned repatriated loots by Ibori to Delta state government. The Accountant General of the Federation, Mr. Ahmed Idris said the £4.2 million looted by a former Governor of Delta State, James Ibori, and repatriated to Nigeria from the United Kingdom recently, has been returned to the state.
Idris made this known 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, who was grilled by the committee for over one hour, stated that such funds looted from the treasury of a state were always returned to the state. He added that states could sue the Federal Government to recover such funds.
-
Stock Market23 hours agoNGX Index rises by 21bps as FCMB, VFD Group list shares
-
Finance23 hours ago33 banks have met CBN revised minimum capital requirements, raised ₦4.65 trn in new capital
-
News2 days agoZenith Bank, Ford Foundation honour unsung ‘sheroes’ with Inaugural woman of power award
-
News2 days agoAfreximbank underwrites $2.5bn in a $4bn syndicated term loan for Dangote Petroleum Refinery
-
Agriculture2 days agoFG, Nestlé unveil Nat’l Water Quality Handbook to strengthen water quality standards
-
Oil and Gas2 days agoRift over oil, gas discrimination claims evident in institutional boycott of London African energy summit
-
Economy2 days agoFG seeks certification, improved safety culture for transporters
-
News2 days agoMost banks beat CBN recapitalisation deadline today, focus shifts to non-compliant lenders