More than $300m of money stolen by a military dictator and laundered through accounts in Jersey is to be returned to Nigeria.
The governments of Nigeria, Jersey and the United States said in a statement they had entered into an asset recovery agreement to repatriate forfeited assets to Nigeria.
The funds were stolen by former military ruler General Sani Abacha, the three governments said. Abacha ruled Nigeria, Africa's biggest oil producer, from 1993 until his death in 1998. Corruption watchdog Transparency International estimates he stole as much as $5bn of public money during that time.
This agreement has culminated in a major victory for Nigeria and other African countries as it recognizes that crime does not pay"
"Today's landmark agreement returns to the people of Nigeria hundreds of millions of the embezzled monies through a lawful process that ensures transparency and accountability," said Assistant Attorney General Brian A. Benczkowski of the Justice Department's Criminal Division.
The Swiss government in 2017 said it would return to Nigeria about $321m in assets seized from Abacha's family via a deal signed with the World Bank.
Abacha's laundering operation extended to the United States and European jurisdictions such as Britain, France, Germany, Switzerland, Lichtenstein and Luxembourg, the statement said.