Q, [DS] & CorruptionAfrica

UK Repatriates Millions in Corrupt Assets of Nigerian Ex-Governor

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The U.K. government agreed with Nigeria on Tuesday to return £4.2 million (US$5.83 million) laundered by James Ibori, the former Governor of the southern oil producing Delta State, which government officials say will be used to finance key Nigerian infrastructure projects. The sum to be repatriated amounts to only a small portion of the total $153 million that prosecutors say Ibori siphoned out of his home country, but the agreement signed between the two countries sets up a framework for the further return of his and other Nigerian kleptocrats’ stolen assets. “Today’s agreement also builds on a 2016 U.K.-Nigeria Memorandum of Understanding…

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Restored Republic via a GCR: Update as of March 12, 2021

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