Jersey, Nigeria, US to share $267m Abacha loot

The more than $267m (£210m) belonging to former Nigerian dictator General Sani Abach is to be shared between Nigeria, Jersey and the United States.

The money was seized from a Jersey bank account belonging to Abacha. The money was “derived through corruption” during the presidency of Sani Abacha in the 1990s, according to Jersey’s Civil Asset Recovery Fund .

A shell company called Doraville held the funds, which were frozen in 2014.

BBC reports that after a five-year legal wrangle, the money has now been recovered and will be split between Jersey, the United States and Nigeria.

Jersey’s attorney general, Robert McRae QC, said the seizure “demonstrated [Jersey’s] commitment to tackling international financial crime and money laundering”.

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