US To Repatriate Over $8m Loot During Goodluck Regime

The United States (US) will repatriate approximately $8.9 million in assets to Nigeria.

The decision follows a ruling by the Royal Court in Jersey, which ordered the return of stolen assets worth $8.9 million.

The forfeiture notice was presented to the court by Mark Temple, Jersey’s attorney-general.

Temple stated the close partnership between Jersey and Nigeria in the repatriation efforts.

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Furthermore, it was revealed that some of the funds had been shared with family members of politicians from the then-ruling Peoples Democratic Party (PDP) before the 2015 general election.

The British Broadcasting Corporation (BBC) reported that the court determined the money, held in a Jersey bank account, was likely stolen by Nigerian government officials in 2014.

The assets are believed to have been diverted under the pretense of purchasing arms to combat Boko Haram during the Goodluck Jonathan administration.

Temple said:
“This case again demonstrates the effectiveness of the 2018 Forfeiture Law in recovering the proceeds of corruption and restoring that money to victims of crime.

“I now intend to negotiate an asset return agreement with the Federal Republic of Nigeria.”