Categories: News

UK Seizes Newly Discovered Abacha’s Loot Worth N82 Billion From Account In Jersey

The sum of £211,000,000 (N81.9bn) has been seized from a Jersey bank account that belonged to a former Nigerian dictator, General Sani Abacha.

Abacha was a Nigerian army officer and de facto president between 1993 until his death in 1998.

He laundered money through the US into the Channel Islands and now that money has been recovered.

According to UK Metro, the money was put in accounts held in Jersey by Doraville Properties Corporation, a British Virgin Islands company.

The Newspaper said the money was now being held by the government until authorities in Jersey, the US and Nigeria come to an agreement on how it should be distributed.

Tobias Sylvester

Tobias Sylvester is the news editor for Kanyi Daily News and is based in Lagos. Contact Tobias at editor@kanyidaily.com. Got a confidential tip? Submit it here

Recent Posts

”Go And Renew Your US Visas Before Trump’s Swearing In” – Yomi Casual Advises Nigerians

Nigerian fashion designer, Yomi Casual has urged Nigerians to renew their U.S. visas quickly ahead…

6 hours ago

“Facebook And TikTok Rejected Me Because Of My Miracles” – Prophet Odumeje [Video]

Nigerian clergyman, Prophet Odumeje has revealed why he was blocked from top social media platforms…

7 hours ago

BBNaija Star, Hermes Iyele Announces Death Of His Mother

Big Brother Naija alum, Hermes Iyele, has taken to social media to announce the heartbreaking…

8 hours ago

US Election: VeryDarkMan Slams Northerners Over Campaign Song For Donald Trump [Video]

Social commentator, VeryDarkMan has reacted to a music video by a Nigerian artist, featuring Northern…

11 hours ago

US Election: Vector Slams Nigerians Showing Solidarity With Nations That “F**k Us For Living”

As the US presidential elections unfold, Nigerian rapper Vector voiced his confusion over why many…

11 hours ago

“He’s Skilled, Every Woman’s Dream” – Sarah Martins Reacts To Baltasar Engonga’s S3x Tape

Nollywood actress Sarah Martins has expressed her admission for Equatorial Guinean politician Baltasar Ebang Engonga…

12 hours ago