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Alleged Abacha’s loot, £211,000,000, found in Channel Islands

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General Sani Abacha’s alleged loot valued at £211,000,000 has been seized from a Jersey bank account that belonged to the late de facto President.

The money was put in accounts held in Jersey by Doraville Properties Corporation, a British Virgin Islands company, Metro UK reports.

Abacha laundered money through the US into the Channel Islands which has now been recovered.

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The money is now reportedly being held by the government until authorities in Jersey, the US and Nigeria come to an agreement on how it should be distributed.

Any money that Jersey does keep will be put into the Criminal Confiscation Fund, which is used to pay for a variety of projects. In the past, the fund has been used for the new police station and developments at La Moye Prison.

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It is expected that even more money held by Doraville is likely to be seized and paid into the Civil Asset Recovery Fund in the future.

Abacha was a military dictator who ruled between 1993 until his death in 1998.

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