The latest news on this front comes from a really interesting article from the British Broadcasting Corporation:
The money was “derived through corruption” during the presidency of Sani Abacha in the 1990s, according to Jersey’s Civil Asset Recovery Fund. A shell company called Doraville held the funds, which were frozen in 2014.
After a five-year legal wrangle, the money has now been recovered and will be split between Jersey, the United States and Nigeria. Jersey’s attorney general, Robert McRae QC, said the seizure “demonstrated [Jersey’s] commitment to tackling international financial crime and money laundering”.
Mr Abacha was in power from 1993 until his death in 1998.
See full story here.