More than $267 million traced to the family of late Nigerian despot General Sani Abacha has been seized from a British Virgin Islands bank and paid into government coffers in an American state of Jersey.
The money was a part of more than $300 million stash the Jersey State government said on its website was “laundered through the US banking system by people including President Abacha’s son Mohammed” during the military regime of General Sani Abacha.
“On Friday 31 May 2019 US$267,751,992.02 was paid into the Civil Asset Recovery Fund,” Jersey State said.
“This fund is managed by the Minister for Treasury and Resources in accordance with the Civil Asset Recovery (International Co-operation) (Jersey) Law 2007, from assets that were previously held by Doraville Properties Corporation.” Read more