Fresh £211m Looted By Sani Abacha Discovered and Seized From Bank In Channels Island

Abacha

Another fresh Money laundered by former Nigerian dictator and army general, Sani Abacha has been seized from a bank in Jersey, Channels Islands by a British court. The money worth £211,000,000 (N82billion) was put into accounts held in Jersey by Doraville Properties Corporation, a British Virgin Island company.

Abacha was a Nigerian army officer and de facto president between 1993 until his death in 1998. During this period, he laundered money through the United States to the Channels Island.

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

Metro UK reports that, Attorney General of Jersey, Robert MacRae said:

‘In restraining the funds at the request of the United States of America, through whose banking system the funds were laundered prior to arriving here, and in achieving the payment of the bulk of the funds into the Civil Asset Recovery Fund, Jersey has once again demonstrated its commitment to tackling international financial crime and money laundering.’

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