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

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Saturday, May 30, 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]}