Reps Bar FG From Spending £4.2m Ibori Loot

The House of Representatives on Wednesday prohibited the Federal Government from proceeding to spend the sum of £4.2 million to be returned by the United Kingdom.

This is even as the minority caucus, while briefing the House of Representatives’ correspondents on the issue, alleged that the said funds were under-declared, saying that reliable intelligence fixed the sum at £6.2 million.

The House, in its resolutions on the matter at Wednesday’s plenary, urged the Federal Ministry of Finance to stop forthwith further appropriation or disbursement of the said money, pending the final determination of the matter by the House.

It requested the Federal Ministry of Finance and Attorney General of the Federation to furnish the House with all particulars relating to the said money.

The House also directed its Committee on Finance, Justice and Loans and Recovered Funds to investigate this matter and revert to it within two weeks.

These resolutions followed a motion of urgent public importance on the matter, brought by Ndudi Elumelu, Minority Leader of the House, and nine others.