A Royal Court in Jersey, United States, has ordered the return of looted funds totaling $8.9 million to Nigeria.
The said assets according to BBC were allegedly diverted by Nigerian government corrupt officials in 2014 under the guise of procuring arms to fight Boko Haram terrorists.
The funds were stolen during the Goodluck Jonathan administration. Continue Reading…
The court’s order followed a forfeiture notice by Jersey’s Attorney-General, Mark Temple KC, in November last year.
The court held that the money deposited in a Jersey bank account was likely stolen by Nigerian government officials in 2014.
The AG claimed part of the funds were shared with family members of politicians in the then-ruling Peoples Democratic Party (PDP) ahead of the 2015 general election.
“This case again demonstrates the effectiveness of the 2018 Forfeiture Law in recovering the proceeds of corruption and restoring that money to victims of crime.
“I now intend to negotiate an asset return agreement with the Federal Republic of Nigeria,” he said. Continue Reading…
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