The Accountant General of the Federation, Mr. Ahmed Idris, on Tuesday, said the £4.2 million Ibori loot recently received from the United Kingdom government has been given to Delta State.
Idris disclosed this in Abuja on Tuesday when he appeared before the House of Representatives’ Ad hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective Efficient Management and Utilisation.
The Accountant-General told the Committee such funds looted from the treasury of a state are always returned to the state when repatriated.
Asked if recovered loots were only for the federal government, he said, “depending on the nature of recovery. I think there is a need to have an in depth understanding of this. Some recoveries are for State governments – specific state governments. I know there was a time recovery on behalf Plateau, there was one for Bayelsa, there was one for Delta. Such recoveries goes specifically to those states.”
He added that states can sue the Federal Government to recover such funds.
