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Ibori: Recovered Sum is for Delta State - House Minority Caucus

Ibori: Recovered Sum is for Delta State - House Minority Caucus

The Minority Caucus of the House of Representatives has opposed the planned expenditure of the recovered £4.2 million traced to former Governor of Delta State, James Ibori, by the federal government.

In a motion presented to the House, Minority Leader, Ndudi Elumelu however called on the Federal Government through the Federal Ministry of Finance to stop forthwith, further appropriation or disbursement of recovered loot, requesting the Federal Ministry of Finance and Attorney General of Federation to furnish the House with all particulars relating to the recovered sum.

Elumelu who led some members of the caucus to brief journalists after the motion was adopted, also urged the federal government to cross-check all documents and processes that led to the recovery, as available information suggested that the total loot recovered was about £6.2 million, and not £4.2 million.

He urged the federal government to ask more questions, that It is possible there may be associated costs, which may be the reason for the lesser amount disclosed. 

He further stresses that the recovered money belonged to Delta State, and cannot be used to develop infrastructure in other states.

The Attorney General of the Federation, Abubakar Malami had earlier disclosed that the recovered money is being expected from the United Kingdom, noting that plans were already on, to apply same on some critical infrastructure across the country.

The House joint Committee on Finance, Justice, Loans and Recovered Funds was mandated to investigate the matter and report back within two weeks.

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