Home Latest FG Set To Recover $300m Abacha Loot From Jersey Island

FG Set To Recover $300m Abacha Loot From Jersey Island


The government of Jersey Island, has stipulated the terms and conditions under which the $300m funds kept in its coffers by the late Gen. Sani Abacha, would be released to the country.

Jersey Island, said it will only release the money to the Nigerian Government directly and not through any third party.

The Minister and Attorney-General of Jersey Island, Robert MacRae (QC) disclosed this on Tuesday, during the ongoing 7th Session of Conference of State Parties to the United Nations Convention Against Corruption, holding in Vienna, Austria.

MacRae, spoke at a side meeting with the Nigeria delegation led by the acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, according to a statement on Tuesday

The Jersey Attorney-General, stated that with the negotiations holding between Jersey, Nigeria and the United States in respect of repatriation of the $300m loot, the process “must be government to government cooperation”.

The EFCC boss, was accompanied to the meeting by four members of the Nigeria delegation.

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