Jersey to return $8.9m looted funds to Nigeria

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Jersey’s Royal Court has ruled in favour of returning stolen assets valued at £6.9 million ($8.9 million) to Nigeria.

The decision comes after Jersey’s Attorney General issued a forfeiture notice in November, asserting that the funds, deposited in a Jersey bank account, were likely misappropriated by Nigerian government officials in 2014.

The illicit transfer of funds was reportedly disguised as government-sanctioned contracts for arms purchases during Boko Haram incursions in Nigeria between 2009 and 2015.

It will also be recalled that a lot of controversy had surrounded the purchase of weapons in the fight against insurgency with the then National Security Adviser (NSA), Sambo Dasuki, being accused of diverting funds meant for security equipment.


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