Nigeria is set to receive a fresh $9.5 million (about N13.5 billion) in recovered funds linked to former military ruler, Sani Abacha, from the British island of Jersey.
The BBC reports that Jersey has agreed to repatriate the money to the Nigerian government after years of legal proceedings.
The funds, described as proceeds of “tainted property,” are part of the wealth allegedly looted during Abacha’s rule from 1993 to 1998 and were held in a Jersey bank account.
Although the assets were first recovered under the administration of former President Goodluck Jonathan, court disputes delayed their return.
The process moved forward in December 2025 after Jersey’s Attorney-General, Mark Temple, signed a memorandum of understanding with Nigerian authorities to facilitate the transfer.
The latest agreement builds on two previous deals between both sides, which resulted in the return of over $300 million in stolen assets to Nigeria.