FG clears air on whereabouts of Ibori loot

The federal government has said it had not returned the £4.2 million fund linked to former Delta state governor James Ibori to the state government.

A statement yesterday in Abuja by the director of information, press and public relations in the office of the accountant general of the federation, Henshaw Ogubike says the money is still being awaited, after which the issues around it will be resolved before further action is taken.

The Delta state government yesterday denied receipt of the £4.2 million loot from the federal government.

It said although the accountant-general of the federation, Mr. Ahmed Idris, had told the House of Representatives committee on recovered assets in Abuja that the fund had been released to the state, the money had not arrived in its coffers.

The state Governor Ifeanyi Okowa says the state would acknowledge receipt of the funds when it arrives.

It is believed that the £4.2 million would bring significant development to the oil rich state.