A huge sum amount of 211,000,000 million pound has been seized by a British court squandered by the former Nigerian dictator and military head of state, General Sani Abacha.
UK Metro reported that, the said money was seized from a Jersey bank account that belonged to General Abacha.
The money was put in accounts held in Jersey by Doraville Properties Corporation, a British Virgin Islands company.
The amount worth £211,000,000 was laundered through the U.S. into the Channel Islands but eventually ascertained and regained.
The sum is now being held by the government until authorities in Jersey, the US and Nigeria come to an agreement on how it should be distributed. It is expected that even more money held by Doraville is likely to be seized and paid into the Civil Asset Recovery Fund in the future.
Military ruler Abacha, who was in power from 1993 until his death in 1998, is suspected to have embezzled $2.2 billion from Nigeria’s central bank in what the United States has called “brazen acts of kleptocracy”.
The $267 has been a subject of a legal tussle between Doraville and the US authorities.
