The U.K set to return the money seized from Ibori back to Nigeria.

The UK, after much reviews and conclusion,  has agreed to return an additional £6.8m (1.7 billion naira) to Nigeria from the money seized from the jailed ex-Governor of Delta State, Chief James  Onanefe Ibori.

This was revealed by UK Metropolitan Police Senior Investigator, Mr. Rupert Broad, yesterday November 4th in London according to a report by NAN. Out of the £8 million  (2 billion naira) confiscated from Ibori, £1.2 million (300 million) had so far been returned to Nigeria.

There are reports that an additional £80 million has been temporarily seized and a confiscation hearing has been fixed for April 2015 before the judge decides exactly how much was stolen out of the £80 million and then return it to Nigeria.
Ibori who is still serving a jail term, was sentenced by the British South-crown Court in April 2012 for 13 years after being convicted for fraud and money laundering.


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