Categories: News

UK Seizes Newly Discovered Abacha’s Loot Worth N82 Billion From Account In Jersey

The sum of £211,000,000 (N81.9bn) has been seized from a Jersey bank account that belonged to a former Nigerian dictator, General Sani Abacha.

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

He laundered money through the US into the Channel Islands and now that money has been recovered.

According to UK Metro, the money was put in accounts held in Jersey by Doraville Properties Corporation, a British Virgin Islands company.

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

Tobias Sylvester

Tobias Sylvester is the news editor for Kanyi Daily News and is based in Lagos. Contact Tobias at editor@kanyidaily.com. Got a confidential tip? Submit it here

Recent Posts

Peggy Ovire Finalises Divorce From Frederick Leonard After Accusing Him Of Infidelity

Nollywood actress Peggy Ovire has confirmed that her marriage to actor Frederick Leonard has officially…

3 weeks ago

Burna Boy Set To Perform At First-Ever FIFA World Cup Final Halftime Show

Nigerian music star Burna Boy will join a lineup of international artists for the first-ever…

3 weeks ago

Asiya El-Rufai Says Husband’s Detention Is Political, Says His Bail Conditions Are Tough

Asiya El-Rufai, one of the wives of former Kaduna State Governor Nasir el-Rufai, has alleged…

3 weeks ago

Sowore Demand Release Of Journalist Arrested By DSS ‘For Possessing Drone’

The Department of State Services (DSS) has arrestey of a journalist Zainab Sodiq after she…

3 weeks ago

Ex-Port Harcourt Refinery MD Granted N150m Bail After Being Arraigned Over Money Laundering

Former Managing Director of the Port Harcourt Refining Company (PHRC), Ahmed Dikko, has pleaded not…

3 weeks ago

Peter Obi Alleges Threat To His Life, Accuses Tinubu’s Govt Of Frustrating Him

Peter Obi, the presidential candidate of the Nigeria Democratic Congress (NDC), has claimed that President…

3 weeks ago