Article

State of Jersey to return Abacha’s N88 billion loot

by Damilola Jagun

 

Nigeria will soon get back a chunk of the stolen loot of late president, Sani Abacha.

The State of Jersey, the biggest territory in the Channels Island, has signified its intention to return £315 million(N88,597,482,750) Abacha loot to Nigeria. Channels Island had previously repatriated in two tranches £140 million of the loot.

The money was reportedly laundered on behalf of Abacha by Mr Raj Bhojwani, an Indian businessman who is currently serving an eight-year sentence in a UK prison.

Mr Micheal Birt, the Ballif of Jersey disclosed the development at a dinner in honour of Dr Dalhatu Tafida, Nigerian High Commissioner to the UK during a state visit to the Island.

Birt, while speaking on Jersey’s financial services and global perception of the Island, stated that the returned loot was in line with ongoing campaign against money laundering.

He said: “We have done a lot to clean up the image of the Island as a safe haven for stolen wealth. What we have in place is a transparent and legal finance heaven where only legal funds can be deposited and accessed by investors.”

In his response, Tafida commended Birt for the Island’s transparent banking sector, while informing them of the Nigerian government’s commitment to fighting corruption and strengthening its anti-graft agencies.

Comments (0)

  1. What a shame, this money is to be shared amongst all Nigerians if justice can be done by certain species of humans that do not want to be stained before their creator. Why should it not be the same here in Nigeria? Ofcourse, nothing works in Nigeria except bull shit.Let us split this country for absolute peace and tranquility.By Concerned Citizen of Nigeria.

  2. Nigeria present corrupt presido don forgiv abacha so he has been transfer from hell to heaven

  3. what are there going to do with the money

  4. gej is now thinking of where to go and hide dat one now. Why is it somebody die dat they probe him? Wy not probbing oda past leader?

  5. The money is coming from a corruption free country, and coming to a corrupt country you already know what that mean?

  6. choi, but abacha no try oooo

  7. goodluck don see election money

  8. gooluck go siidon ontop this one. bonus for him

  9. they should give the money to orphans

  10. so where will the money go to?

  11. a chunk? lool

  12. corruption in high places

  13. not interested

  14. abacha will surely rot in hell

  15. so abachas evil will still tell on nigeria

  16. hehehehe. serious something

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