₦airaland Forum

The Channel Island of Jersey is a self-governing dependency of the British Crown located in the English Channel, near France.

The authorities in Jersey have agreed to repatriate more than $9.5 million (£7 million) linked to so-called “tainted property” to the Nigerian government, according to the BBC.

The Channel Island of Jersey is a self-governing dependency of the British Crown located in the English Channel, near France.


The funds, traced to a Jersey bank account, were adjudged to be proceeds of corruption and will be returned to Nigeria under a Memorandum of Understanding (MoU) signed in December by Jersey’s Attorney General, Mark Temple KC, and Nigerian authorities.

According to the report, the agreement builds on two earlier asset recovery deals between Jersey and Nigeria, which previously led to the repatriation of over $300 million (£230 million) in looted funds connected to the late military dictator Sani Abacha’s era.

BBC reports that in January 2024, Jersey’s Royal Court ruled that the funds were more likely than not derived from a corrupt scheme in which third-party contractors diverted Nigerian government funds for the benefit of senior Nigerian officials and their associates.

Confirming the development, Nigeria’s Attorney-General and Minister of Justice, Lateef Fagbemi (SAN), said the recovered assets would be deployed strictly in accordance with the terms of the MoU.

“The successful recovery and repatriation of the forfeited assets underscores the effectiveness of Nigeria's collaborative efforts with its international partners in ensuring that there is no safe haven for illicitly acquired wealth or assets moved to foreign jurisdictions,” Fagbemi said.

He added that the money would be channelled into infrastructure, specifically contributing to the final stages of a major highway linking Abuja, Nigeria’s capital, to the country’s second-largest city, described as a vital transport corridor.

On his part, Jersey’s Attorney General, Mark Temple KC, said the latest recovery demonstrated the effectiveness of the island’s legal framework in tackling corruption.

“The strength of our civil forfeiture legislation as a powerful tool in the fight against corruption,” Temple said.

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https://saharareporters.com/2026/01/09/jersey-return-95million-abacha-loot-nigeria-infrastructure-project?fbclid=IwY2xjawPNzaVleHRuA2FlbQIxMQBzcnRjBmFwcF9pZAwzNTA2ODU1MzE3MjgAAR4u0ZzQpVCbqcJWdGAVR_Lr9anS8B4R1l0qTuPYRtjJcRJRDTZQTCIVbwJgWg_aem_oO_7vMj_3Yu8KSx4i8N1Fw

This Abacha loot has beome unending seasoning movie, you can image if all this money has been used in development of this country, we would have gone far by now in terms of development

Abacha sha, that man steal o

Our ancestors keeps sending us blessings.

Like finding money under your sofa.

How much did this man steal ffs?
There is no year that one can't hear of Abacha loot.

BTW Buhari once said he did not steal, confusion is confusing me now

Nigeria is a wealthy country with terrible leaders.
This boils down to the question if the black person is cursed with greed or selfishness.

Ever dependable return loot. Tinubu’s loot that will come back will be infinity like his cap design.

Nigeria indeed ran yahoo. Or how can a honest man in mr integrity opinion be returning money he never stole?

To be looted returned loot.



Shout-out to all chess players on nairaland earning money via the game.

Abacha you really tried for Nigeria oh, even in 2080 you go still dey send money.

ayoncox:
Abacha you really tried for Nigeria oh, even in 2080 you go still dey send money.

Exactly my point, this Abacha is Oku Olomo person, about 28 years after his death, he still remembers us generously, this should be a lesson for Gowon, Obasanjo, Babangida, Abdulsalam, Jonathan and Bola Tinubu (I trust him, jeun soke)
Lest I forget, demand notices should be sent to Tafawa Balewa, Nnamdi Azikiwe,, Muritala, Shagari, Shonekan, Yaradua and Buhari, that Nigerians are still expecting their credit alerts.

Adblg0610:
Exactly my point, this Abacha is Oku Olomo person, about 28 years after his death, he still remembers us generously, this should be a lesson for Gowon, Obasanjo, Babangida, Abdulsalam, Jonathan and Bola Tinubu (I trust him, jeun soke)
Lest I forget, demand notices should be sent to Tafawa Balewa, Nnamdi Azikiwe,, Muritala, Shagari, Shonekan, Yaradua and Buhari, that Nigerians are still expecting their credit alerts.

I think those ones stole more intelligently because they aren't profiled as dictators

Flangelo12:
Our ancestors keeps sending us blessings.

Like finding money under your sofa.

But it doesn't get to the common man because the money keeps getting re-looted by the existing ones. No be one of them just got released today after 59 properties were taken from him?

The previous returned Abacha loot that got relooted by Buhari's attorney general Malami makes me think no country should bother returning any so called Abacha loot.