Authorities in Jersey have agreed to send back more than $9.5 million in stolen money to Nigeria. This move marks another win in the fight against corruption. The funds link back to the era of former leader Sani Abacha.
Background of the Looted Assets
Sani Abacha ruled Nigeria from 1993 to 1998. During his time, officials diverted government money through corrupt schemes. Courts in Jersey found these funds in a local bank account and ruled them as proceeds of crime. Investigators traced the money to tainted property. The Royal Court granted a forfeiture order in January 2024.
The Recent Agreement
Jersey’s Attorney General, Mark Temple KC, signed a Memorandum of Understanding in December 2025. This pact ensures the safe return of the funds to Nigeria. Moreover it builds on past deals between the two governments. Officials aim to complete the transfer soon.
Planned Use of the Repatriated Funds
Nigeria will channel the money into the Abuja-Kano Road project. This 375-kilometer highway needs final touches. Additionally, the funds will boost infrastructure and benefit citizens. Leaders stress that the cash supports key development goals.
History of Previous Returns
Jersey has returned over $300 million to Nigeria before. Those funds helped build the Lagos-Ibadan Expressway and the Second Niger Bridge. Furthermore they aided the same Abuja-Kano Road. These efforts show strong ties in recovering looted assets.
In conclusion, this repatriation strengthens Nigeria’s economy. It also highlights global cooperation against corruption. Nigeria continues to seek more stolen funds worldwide.
