The British Government has formally paid the £4,214,017.66 looted funds recovered from family members and associates of former Delta State Governor, James Ibori into an account designated for that purpose by the Federal Government.

In a statement on Tuesday, Umar Gwandu, special assistant on media and public relations to Abubakar Malami, attorney-general of the federation said: “The amount has been credited into the designated federal government account with naira equivalent value of the amount as of 10th May, 2021.

“The development, according to Malami, was a demonstration of the recognition of reputation Nigeria earns through records of management of recovered stolen Nigerian stolen in the execution of public oriented projects.”

Malami had said the recovered loot will be used to fund three infrastructural projects — Lagos-Ibadan, Abuja-Kano expressways and the second Niger bridge.

Although the Delta government had noted that the money ought to be returned to the state, the AGF had said the law which Ibori breached is a federal law, and not that of the state.