Looted Funds: Nigeria to receive $9.5 (£7 million) stolen by Abacha from UK’s Jersey

Nigeria is set to receive $9.5 million (£7 million), believed to be stolen funds linked to former military Head of State, Sani Abacha, from the United Kingdom’s Jersey.

According to the BBC, Jersey has agreed to repatriate the funds to the Nigerian government. The money, described as proceeds of “tainted property,” forms part of the vast fortune looted by Abacha during his rule from 1993 to 1998.

The funds were held in a bank account in Jersey and had been tied up in legal proceedings for several years. While the assets were first recovered during the administration of former President Goodluck Jonathan, court challenges delayed their return to Nigeria.

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Posted by admin on Jan 11 2026. Filed under United Kingdom (UK), Corruption Politics, Headlines, Latest Politics, Presidency, Sani Abacha (1993-98). You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry