Nigerian dictator’s ill-gotten millions ‘to be shared’

Hundreds of millions of dollars recovered from the frozen assets of ex Nigerian military ruler Gen Sani Abacha have been transferred to authorities in Jersey.

On Friday, more than $267m (£210m) was paid into a special fund, set up by the government of Jersey for this type of asset recovery. The money will be split between the governments of Nigeria, the US and Jersey.

The millions are believed to derive from corruption in Nigeria during Mr Abacha’s military regime.

A United States federal court had previously located the money, which had been laundered through the US banking system, before being transferred to Jersey.

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

He is reported to have stolen billions of dollars from the country during his time in power.

Last Updated on June 4, 2019 at 9:50 PM