Parrot Reporters
No Result
View All Result
  • Home
  • Top Stories
  • News
  • Politics
  • Business
  • Economy
  • World News
  • Diaspora
  • Other Features
    • Crime
    • Entertainment
    • Tourism
    • Interviews
    • Editorials
    • Opinion
Parrot Reporters

211 Million Pounds Abacha Loot Recovered Years After Death

Parrot Reporters by Parrot Reporters
June 6, 2019
0
211 Million Pounds Abacha Loot Recovered Years After Death

Late General Sani Abacha

Share on FacebookShare on TwitterShare on Whatsapp

UK Metro reports indicate that a British court has seized 211,000,000 million pounds looted by the General Sani Abacha, Nigeria’s former dictator and military head of state.

The money had been put in accounts held in Jersey by Doraville Properties Corporation, a British Virgin Islands company was laundered through the U.S. into the Channel Islands but eventually discovered and recovered.

According to the report, “Money to the value of £211,000,000 has been seized from a Jersey bank account that belonged to a former dictator.

“General Sani Abacha was a Nigerian army officer and de facto president between 1993 until his death in 1998.

“He laundered money through the U.S. into the Channel Islands and now that money has been recovered.

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

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

It will be recalled that other loot tied to the dictator has also been found and returned in the past as follows:

  • $227Million was returned June 25, 2014 from Liechtenstein
  • $700 Million confirmed returned back to Nigeria by Swiss Ambassador
  • $1Bn voluntarily returned by the Abacha family to the Federal Government

 

 

 

More News...

Historic Moment: 29-Year-Old Princess Opeyemi Bright Becomes UK’s Youngest Mayor

Historic Moment: 29-Year-Old Princess Opeyemi Bright Becomes UK’s Youngest Mayor

Nigeria’s governors: Halfway to where? (1)

Nigeria’s governors: Halfway to where? (1)

Dignitaries Storm Grand Opening of Ile-Iyan Outlet In Lekki As Lagos State Endorses Young CEO

Dignitaries Storm Grand Opening of Ile-Iyan Outlet In Lekki As Lagos State Endorses Young CEO

ICC Generates N300M Monthly But Only N50M Remitted Annually – Wike Decries Monumental Mismanagement

ICC Generates N300M Monthly But Only N50M Remitted Annually – Wike Decries Monumental Mismanagement

APC LG Primary Elections: Voting Commences Across Lagos, Consensus Candidates Emerge In Several LCDAs

APC LG Primary Elections: Voting Commences Across Lagos, Consensus Candidates Emerge In Several LCDAs

Sanwo-Olu Reaffirms Commitment to Transparent APC LG Primaries During Visit To Party Secretariat

Sanwo-Olu Reaffirms Commitment to Transparent APC LG Primaries During Visit To Party Secretariat

Fruits and Roots: Rethinking the Blame Game Between Leaders and Followers

Fruits and Roots: Rethinking the Blame Game Between Leaders and Followers

The urgency of an emergency

The urgency of an emergency

About Us

Parrot Reporters is an independent and non-partisan news platform with special focus on Nigerians in Diaspora cum news within and outside the shore of Nigeria.


Our aim is to celebrate the exploits of Nigerians in diaspora particularly in Southern Africa and other parts of the world.

Categories

  • Business
  • Comic
  • Cover Stories
  • Crime
  • Economy
  • Editorials
  • Entertainment
  • Health
  • Interviews
  • Nigerians In Diaspora
  • Opinion
  • Other News
  • Politics
  • Sports
  • Tourism
  • Videos
  • World News

Follow Us

COPYRIGHT © Parrot Reporters
No Result
View All Result
  • Browse
    • Sports

© Parrot Reporters