A court has seized the sum of £211m traced to the late General Sani Abacha, which was found in a Jersey bank account on Channels Island.
According to Metro UK, the late Head of State laundered money through the US into the Channel Islands.
The money was put in accounts held in Jersey by Doraville Properties Corporation, a British Virgin Islands company.
The money 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.