Policy paper

Return of stolen assets confiscated by the UK: agreement between the UK and Nigeria

This agreement between the governments of the UK and Nigeria facilitates the return of stolen funds recovered by UK agencies back to Nigeria.

From:
Foreign, Commonwealth & Development Office, Home Office, and Crown Prosecution Service
Published
19 March 2021

Documents

MoU between UK and Nigeria on the modalities for return of stolen assets confiscated by the UK: annex 1

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MoU between UK and Nigeria on the modalities for return of stolen assets confiscated by the UK: annex 1

ODT, 554 KB

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Schedule 4: Project disbursement plans

PDF, 1.58 MB, 25 pages

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Details

This is an Annex to the UK-Nigeria Memorandum of Understanding (MoU) on the modalities for the return of stolen assets confiscated by the UK. It marks the first return of assets under the MoU.

£4.2 million is being returned to Nigeria, which represent the funds recovered from the associates and family of James Ibori, the former Governor of Nigeria’s Delta State. The Annex includes a detailed budget plan, including a work and expenditure schedule for each project which the returned funds will contribute to.

Note that Schedule 6 of the Annex is an agreement between the US, Jersey and Nigeria and cannot be published here.

Published 19 March 2021