“Any recovery arising from looted funds from a particular state goes to the state.”
The Federal Government has said the £4.2m looted by former Deltas Governor James Ibori recently repatriated from the United Kingdom has been returned to the State government.
This was disclosed in Abuja on Tuesday by the Accountant General of the Federation, Ahmed Idris, when he appeared before the House of Representatives Adhoc Committee on Assessment and Status of All Recovered Loots.
Idris told the Committee which was headed by Adejoro Adeogun that such funds looted from the treasury of a state are always returned to the state.
The Accountant General added that states can sue the Federal Government to recover such funds.
“Any recovery arising from looted funds from a particular state goes to the state.
“The state governors would not even allow this to fly. They will take the Federal Government to court for holding their money.
“So we don’t joke and we don’t play with that. We pay them their money.
“I know there was a time when recovery was made on behalf of Plateau State and then for Bayelsa.
“Such recoveries go specifically to those states,” he said.
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