In a significant development in Nigeria’s fight against corruption, authorities in Jersey have agreed to repatriate over $9.5 million (£7 million) in looted funds linked to the era of the late military ruler, Sani Abacha.
The funds, traced to a bank account in the Channel Island, were deemed proceeds of corruption and will be returned under a Memorandum of Understanding (MoU) signed in December between Jersey’s Attorney General, Mark Temple KC, and Nigerian officials.