CORRUPTION FUNDS TO STAY FROZEN IN JERSEY UNTIL THEIR RECOVERY BY NIGERIA

The Jersey Evening Post on 16th February reported that the money embezzled by a Nigerian dictator and hidden in Jersey bank accounts is to remain frozen until it is recovered by the African nation, following a ruling by the Privy Council.  An estimated $300 million was funnelled to Jersey from Nigeria after being laundered through the USA.  The money – made through corruption during the military regime of General Sani Abacha – was placed in accounts held locally by a BVI company, Doraville Properties Corporation, which lodged several legal challenges to lift the property restraining order.
https://jerseyeveningpost.com/news/2018/02/16/corruption-funds-to-stay-frozen-until-their-recovery-by-nigeria/#3K8SrYyMJFXlc1ti.99

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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