The African Center for Governance, Asset Recovery and Sustainable Development.

MEMORANDUM OF UNDERSTANDING BETWEEN THE GOVERNMENT OF THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND AND THE FEDERAL GOVERNMENT OF NIGERIA (JAMES IBORI)

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  • Create Date January 29, 2025
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MEMORANDUM OF UNDERSTANDING BETWEEN THE GOVERNMENT OF THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND AND THE FEDERAL GOVERNMENT OF NIGERIA (JAMES IBORI)

The Asset Sharing Agreement for the return of the assets made specific arrangements relating to assets stolen by the former Governor of Delta State James lbori and his associates in the sum of Four Million, Two Hundred and Fourteen Thousand, Seventeen Pounds and Sixty-Six Pence (4,214,017.66), which was recovered by the United Kingdom Government in proceedings resulting in confiscation orders made since 2010. The agreement was signed on 9th March, 2021 with the United Kingdom and provides for specific use of the funds for the PIDF projects managed by the NSIA namely Abuja-Kano Road (AKR), Second Niger Bridge (2NB) and Lagos-Ibadan Expressway (LIE).

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