“The money was tracked,investigated and recovered by the British Government under British Law in British soil from James Ibori and his associates and family as suspected proceeds of crime.
The British Government approached the courts and James Ibori and his associates were prosecuted and convicted in London. The court also ordered that the money be forfeited to the British Government. Ibori and his associates did not appeal. Neither did the Delta State Government lay claim to the funds. So the money thereafter became vested in the British government.
So the money thereafter belonged to the British Government.
The British Government out of benevolence elected to release some of the money to the federal government of Nigeria with certain conditionalites contained in an MOU that it be spent on the completion of 3 projects. Any attempt by the FG to use the funds for anything outside these 3 projects will be a breach of rhe MOU entered into with the owners and donor of the money- the UK Government.
The £4.2 million belonged to the UK Govt and no other and no one can dictate to them how they spend their money.
I hope this very simple narrative helps.”
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