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Abacha - After Jersey's $311.7m repatriation of stolen funds, $23m follow from the UK

24/08/2022

In 2014, US District Judge John D. Bates for the District of Columbia entered a judgment ordering the forfeiture of approximately $500 million located in accounts around the world as the result of a civil forfeiture complaint for more than $625 million traceable to money laundering involving the proceeds of Abacha's corruption.

  • In 2020, the department repatriated over $311.7 million of the forfeited assets in the Bailiwick of Jersey.

  • In 2021 the UK government enforced the US judgment against the additional $23 million.

  • In 2022, the department repatriates the $23 million of the forfeited assets in the UK.

Source

https://www.justice.gov/opa/pr/united-states-enters-agreement-nigeria-repatriate-over-23-million-assets-stolen-former

JERSEY UNITED KINGDOM