The British Government has signed a Memorandum of Understanding (MoU) to return £4.2 million assets stolen by former Delta State Governor, James Ibori to Nigeria.
The British High Commission to Nigeria, Ms. Catriona Laing, who disclosed this on Tuesday in Abuja, said the amount was the first tranche of the funds so far recovered from friends and family members of the former governor.
She noted that the United Kingdom authorities were still working on the total actual amount involved in the case.
Laing however warned that the UK will no longer be used as a destination for looters to siphon proceeds of crimes.
The Attorney General of the Federation and Minister of Justice, Abubakar Malami said the recovery of the stolen fund is part of the efforts of the current administration to fight corruption.
He said President Muhammadu Buhari has directed that the money will be used for the construction of the second Niger Bridge, Abuja-Kano road, and Lagos-Ibadan Express road.