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Newly Discovered Abacha Loot Worth £211m Seized By British Court


Money laundered by Sani Abacha former Nigerian dictator and army general has been seized from a bank in Jersey, Channels Islands by a British court.
The money worth £211,000,000 was put into accounts held in Jersey by Doraville Properties Corporation, a British Virgin Island company.
Abacha was a Nigerian army officer and de facto president between 1993 until his death in 1998. During this period, he laundered money through the United States to the Channels Island.
The money will be 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.
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.

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