Jersey seizes $9 million that was stolen by corrupt Nigerian officials and hidden in Jersey from 2014
15/01/2024
funds for the personal benefit of Nigerian officials and their associates.”
Mr Temple said that the court order concluded a “complex and long-running asset forfeiture investigation”.
He added: “The Economic Crime and Confiscation Unit of the Law Officers’ Department, with support from the Financial Intelligence Unit Jersey, has worked in close partnership with the Federal Republic of Nigeria to recover the tainted property on behalf of the people of Nigeria.
“I am also grateful to the Asset Forfeiture Unit of the National Prosecuting Authority of South Africa for its assistance to ECCU’s investigation.
“This case again demonstrates the effectiveness of the 2018 Forfeiture Law in recovering the proceeds of corruption and restoring that money to victims of crime. I now intend to negotiate an asset return agreement with the Federal Republic of Nigeria.”
PREVIOUS CASE…
IT is not the first time that the Jersey authorities have seized money funnelled into the Island from Nigeria.
In 2020, more than $300 million embezzled by a Nigerian dictator and hidden in Jersey bank accounts was repatriated to the African state following a landmark agreement.
The funds were stolen by General Sani Abacha and his family and associates when he was head of state between 1993 and his death in 1998. The huge sum was moved through the United States’ banking system before being held in accounts in Jersey in the name of Doraville Properties Corporation, a British Virgin Islands company.
SOURCE
https://www.jerseylaw.je/judgments/Pages/Search.aspx?k=nigeria#
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