By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Abacha’s £315m Loot Finally To Be Returned To Nigeria
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Abacha’s £315m Loot Finally To Be Returned To Nigeria

Farouk Mohammed
By Farouk Mohammed
Published: December 3, 2014
Share
2 Min Read
SHARE

abacha

Channels Island’s biggest region, The State of Jersey is going to return £315 million loot by former Nigerian presdent, Sani Abacha to Nigeria.

The Ballif of Jersey, Mr Micheal Birt made this known at a dinner to honour Dr Dalhatu Tafida, Nigerian High Commissioner to the UK during a state visit to the Island.

The Ballif who also is the Island’s Civic Head of State and ceremonial head, is the highest ranking official in the Jersey order of precedence.

- Advertisement -

The Island is famous for its fraud free banking system and has in the past returned two tranches £140 million of the loot.

The funds is said to have been laundered on behalf of Abacha by Mr Raj Bhojwani, an Indian businessman who is currently on jail in UK serving an eight year sentence.

Birt said that the Island is embarking on an 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.”

- Advertisement -

Responding to the quotes, Tafilda praised the Island’s transparent banking sector and said that the Nigerian government is also committed to fighting corruption and strengthening its anti-graft agencies.

General Sani Abacha served in the Nigerian Army and was the President of the nation after the 1993 coup and served till his death in 1998.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article I Could Have Taken OBJ Out In 2003 – Atiku
Next Article Governor Fashola Opens Register for Sex Offenders in Lagos

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Okay.ng Logo

Parallel Market Rates

USD
Buy₦1,550.00
Sell₦1,560.00
GBP
Buy₦2,130.00
Sell₦2,170.00
EUR
Buy₦1,750.00
Sell₦1,790.00

Updated: 22 hours ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

0.00
ShareShareShare

Rates are for informational purposes only.

Okay.ng Logo Parallel Market Rates
USD
Buy
Sell
GBP
Buy
Sell
EUR
Buy
Sell
| okay.ng
- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

ADC Accuses Presidency of Undermining Opposition Amidst Coalition Turmoil
Politics Top stories
Flood Devastation in Ondo Communities Sparks Urgent Calls for Government Intervention
News
Security and Electoral Bodies Confirm Full Preparedness for Upcoming Anambra Elections
News
Ruth Kadiri
Ruth Kadiri Reveals Why She Keeps Her Marriage Private
Celebrities
Trump Rages at Elon Musk’s ‘America Party’, Calls Move a “Train Wreck”
International
- Advertisement -
Ad imageAd image

You May Also Like

NewsSecurity

Anambra Police Intensify Crackdown on Cult Activities Amid Security Concerns

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
July 7, 2025

Babiana Trending Video: What You Should Know

Okay.ng
Okay.ng
July 7, 2025
Politics

Babachir Lawal Announces Departure from APC, Promises Future Political Direction

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
July 7, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?