
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 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.
Any
money that Jersey does keep will be put into the Criminal Confiscation
Fund, which is used to pay for a variety of projects. In the past the
fund has been used for the new police station and developments at La
Moye Prison.
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.
Metro UK reports that, Attorney General 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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