For more than a century, the artefacts from the "Benin Bronzes" collection had been in the family of retired medical consultant Mark Walker, whose grandfather was involved in a 1897 British raid in which they were taken.
But on Friday, the statues -- depicting a fabled ibis bird and the traditional monarch's bell -- were given back to the Oba (King) of Benin, Uku Akpolokpolo Erediauwa I, at a ceremony attended by royal officials and local dignitaries.
"That gave me the idea that perhaps they should go to the place where they will be appreciated for ever," he told AFP in Benin City, 240 kilometres east of Lagos.
"I'm very proud to be part of this because it is clearly seen as an historic occasion.
Also Read
"I had no idea it would be regarded with such importance and it is very gratifying to me to have been able to play some small part in the history of the restoration of the bronzes because I think more will come back."
The British reaction was fierce. Walker's grandfather was part of a British military deployment to the kingdom to avenge the deaths of the officers. The overwhelming show of strength left several thousand local people dead and the city set ablaze, while the oba was forced into exile.
The royal palace was looted, resulting in the removal of hundreds of artworks, including the Benin Bronzes, which showed highly decorative images of the oba and his courtiers from centuries earlier.
They include a 19th century depiction of the head of the oba, who has divine status for the Edo people, and 16th century plaques taken from the walls of the royal palace, showing court life.
Nigeria has previously requested the return of the Benin Bronzes but without success.
The Oba's brother, the Enogie of Obazuwa, Prince Edun Akenzua, described Walker's actions as a "friendly gesture" that would "contribute positively to healing the bruise etched on the psyche of Benin people since 1897".