The Delta State Government is set to receive nothing out of the £4.2m (N2.2bn) seized from former Governor James Ibori which will be repatriated from the United Kingdom, a development which has been rejected by the state government, The PUNCH has learnt.
The Attorney-General of the Federation, Abubakar Malami (SAN), while thanking the UK, said the money would be used for Federal Government projects such as the Lagos-Ibadan Expressway, the 2nd Niger Bridge and the Abuja-Kano rail, giving no indication that Delta State would receive a portion of the funds.
Malami said this while delivering his speech on Tuesday at the signing ceremony of the Memorandum of Understanding between Nigeria and the government of the UK regarding the return and management of stolen assets recovered from Ibori and associates.
He said, “In consonance with existing framework or model engaged in the management of previous recoveries, the Federal Executive Council under the leadership of President Muhammadu Buhari has directed that the instant repatriated funds should be deployed towards the completion of the following legacy projects: the Second Niger Bridge, Abuja – Kano expressway and the Lagos – Ibadan expressway under the coordination of the Nigeria Social Investment Authority.”
He said the Buhari regime could as well have spent the money on developing Ghana if it wishes.
“Why should Delta State money be used in building Lagos-Ibadan Expressway or Abuja-Kano rail? Is the Federal Government saying it doesn’t know the origin of the money?” Aniagwu asked.
When asked if the state government would challenge the matter, he said, “I am not in a position to say right now. However, that money belongs to Delta State. We would have understood if the Federal Government had said it wants to receive 20 per cent but to take all the money is wrong.”
Ibori, who ruled Delta State from 1999 to 2007, was convicted by a UK court in 2012 and was sentenced to 13 years in jail after admitting fraud of nearly £50m (N26.3bn), even though prosecutors say the actual amount stolen was about £250m (N131.7bn).
Source: Punch