UK Seizes Newly Discovered Abacha’s Loot Worth N82 Billion From Account In Jersey

June 4, 2019
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The sum of £211,000,000 (N81.9bn) has been seized from a Jersey bank account that belonged to a former Nigerian dictator, General Sani Abacha.

Abacha was a Nigerian army officer and de facto president between 1993 until his death in 1998.

He laundered money through the US into the Channel Islands and now that money has been recovered.

According to UK Metro, the money was put in accounts held in Jersey by Doraville Properties Corporation, a British Virgin Islands company.

The Newspaper said the money was now being held by the government until authorities in Jersey, the US and Nigeria come to an agreement on how it should be distributed.

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