British Authorities Seize Abacha's £211m Loot

Former Nigerian Dictator and Army General Sani Abacha's money worth £211,000,000 which was laundered in Britain has been seized from a bank in Jersey by the British court.

The money was put into accounts held in Jersey by Doraville Properties Corporation, a British Virgin Island company.
Abacha was a Nigerian army officer and de facto president between 1993 until his death in 1998. During this period, he laundered money through the United States to the Channels Island.

The money will be held by the government until authorities in Jersey, the US and Nigeria come to an agreement on how it should be distributed. 
Any money that Jersey does keep will be put into the Criminal Confiscation Fund, which is used to pay for a variety of projects. In the past the fund has been used for the new police station and developments at La Moye Prison.
It is expected that even more money held by Doraville is likely to be seized and paid into the Civil Asset Recovery Fund in the future.

Metro UK reports that, Attorney General Robert MacRae said: ‘In restraining the funds at the request of the United States of America, through whose banking system the funds were laundered prior to arriving here, and in achieving the payment of the bulk of the funds into the Civil Asset Recovery Fund, Jersey has once again demonstrated its commitment to tackling international financial crime and money laundering.’