Trending
Alleged Abacha’s loot, £211,000,000, found in Channel Islands
General Sani Abacha’s alleged loot valued at £211,000,000 has been seized from a Jersey bank account that belonged to the late de facto President.
The money was put in accounts held in Jersey by Doraville Properties Corporation, a British Virgin Islands company, Metro UK reports.
Abacha laundered money through the US into the Channel Islands which has now been recovered.
READ ALSO:‘Don’t mess with sniper, no think am, no take am’
The money is now reportedly being held by the government until authorities in Jersey, the US and Nigeria come to an agreement on how it should be distributed.
Any money that Jersey does keep will be put into the Criminal Confiscation Fund, which is used to pay for a variety of projects. In the past, the fund has been used for the new police station and developments at La Moye Prison.
It is expected that even more money held by Doraville is likely to be seized and paid into the Civil Asset Recovery Fund in the future.
Abacha was a military dictator who ruled between 1993 until his death in 1998.
-
News20 hours ago
EFCC: Abuja American School to refund Yahaya Bello’s $760k children’s fees
-
News20 hours ago
Nigerian woman breaks GWR for 55-hour marathon interview
-
Entertainment19 hours ago
Tems samples Seyi Sodimu’s classic ‘Love Me Jeje’
-
News23 hours ago
Mark Zuckerberg loses $18b as Meta stock drops
-
News17 hours ago
Pathologist interprets MohBad’s toxicology result
-
News20 hours ago
Burkina Faso Junta bans BBC, VOA two weeks
-
News21 hours ago
Beware of fake students’ loan website, NELFUND warns Nigerians
-
News16 hours ago
Nollywood veteran Ogunjimi is dead