News
£211,000,000 Abacha Loot Seized In Channel Islands
A loot estimated to the tune of £211,000,000 has been seized by the Channels Island government.
According to reports, the money in a Jersey bank account allegedly belonged to former military dictator, General Sani Abacha.
The late dictator laundered the money through the US into the Channel Islands in Europe. The money was put in accounts held in Jersey by Doraville Properties Corporation, a British Virgin Islands company.
The money is now being held by the government until authorities in Jersey, the US and Nigeria come to an agreement on how it should be distributed.
Abacha was a military dictator who served as a President of Nigeria from 1993 until his death in 1998.
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