Nigeria has recorded another major breakthrough in its efforts to recover stolen assets as the federal government signed a tripartite Asset Recovery Agreement with the United States and the government of Jersey.
Under the deal, the two countries agreed to return over $308 million of forfeited assets to Nigeria.
The money, according to a joint statement issued by the three parties, was laundered through the US banking system and then held in bank accounts in Jersey in the name of one of the sons of the late head of state, Gen. Sani Abacha |||READ MORE …
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