In the past, Nigeria had secured the release of millions of dollars stashed in foreign accounts by the former dictator.
In 2017, the Swiss government released a statement announcing it had reached an agreement with Nigerian authorities and the World Bank on the return of $321 million to the West African country.
The released funds “will strengthen social security for the poorest sections of the Nigerian population,” the statement said at the time.
In 2019, authorities in Jersey said they had seized more than $267 million from Abacha’s family and associates. The laundered funds recovered from confiscated assets, belonging to the son of the late dictator, Mohammed Abacha, were found in a Channel Islands account held by a shell company.
The stolen funds were recovered and paid into a special recovery fund after a five-year legal battle and were agreed to be shared between the Nigerian government, Jersey, and the US government.
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