A British Court has seized E211 million laundered by the Late Former head of state, Sani Abacha.
Metro UK reported that Abacha had laundered the money in accounts held in Jersey by Doraville Properties Corporation, a British Virgin Islands Company.
The government has seized the money until authorities in Jersey, the US and Nigeria come to an agreement on how it should be distributed.
In 2014, Jersey secured a restraining order from the court on the bank account following a request by the US.
Doraville challenged the order multiple times but failed as their requests were denied by the court.
Robert MacRae, Jersey’s attorney general was quoted as saying, “Restraining the funds at the request of the United States of America, through whose banking system the funds were laundered prior to arriving here. Jersey has once again demonstrated its commitment to tackling international financial crime and money laundering”
At least $322 million is said to have been discovered so far as found looted by Abacha.
The house of representatives has begun a probe into the recovery of the loot by the Late Military Head of State who headed the country between 1993 and 1998.