U.S. and Jersey Return $311.17 of Stolen Abacha Funds to Nigeria

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Saturday, June 20, 2020
Author: 
Bruce Zagaris
Volume: 
36
Issue: 
6
Abstract: 

                On May 4, 2020, the United States Department of Justice (DOJ) announced the transfer of $311,797.876.11 to the Nigerian government pursuant to a February 3, 2020 trilateral agreement among the governments of the U.S., Nigeria, and Jersey.[1] The agreement repatriates assets the U.S. forfeited that were traceable to the kleptocracy of former Nigerian dictator Sani Abacha and his co-conspirators.[2]



[1]       Agreement Among the Government of the Federal Republic of Niger and the Bailiwick of Jersey and the Government of the United States of America Regarding the Sharing, Transfer, Repatriation, Disposition, and Management of Certain Forfeited Assets (hereafter Forfeiture Repatriation Agreement) https://www.justice.gov/opa/press-release/file/1273556/download.

[2]       U.S. Department of Justice, U.S. Repatriates over $311.7 Million in Assets to the Nigerian People that Were Stolen by Former Nigerian Dictator and His Associates, Press Rel. 20-428, May 4, 2020.