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British Court Takes Custody Of N82Bn Abacha Looted Pending Sharing Formula Between Nigeria And US

A court in the United Kingdom of Great Britain has taken custody of the sum of
£211,000,000 (N81.9bn) being part of the funds embezzled by the late Nigerian Dictator General Sani Abacha from the Nigerian Treasury pending when the Nigerian and the United States authorities figures out the sharing formula between them.

This is so because the funds were laundered through the United States into the Channels Island and as a rule the United States takes a percentage of laundered money it helps recover.

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

The Nigerian President Mohammadu Buhari continues to vouch for the innocence of his last benefactor General Sani Abacha in spite of humongous amounts of money being recovered from his loot.


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