How ‘crooks’ are blocking Nigeria from getting £300m loot hidden in Jersey

The Federal Government is set to receive £300 million stolen from Nigeria and hidden in jersey, a Channel Island nation.

This was disclosed by the Minister of Foreign Affairs, Geoffrey Onyeama, on Thursday in Abuja.

The minister, disclosed this at a news conference as part of activities to mark the one year anniversary of President Muhammadu Buhari’s administration, adding that the money in Jersey would have been repatriated but for a last minute “objection’’ that was raised by the people, who were supposed to forfeit it.

“We are just in the process of repatriating that in the UK itself. Sometimes very often what happens is that the people, who have ownership or who claim to have ownership (of the money) might bring up a defence.

“Like if you take the one in Jersey, it is like 300 million pounds or thereabouts; now everything had been done to repatriate the money.

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“It was no longer contested; and then at the last minute, an objection was raised by the people, who were supposed to forfeit those funds.

“So, of course the authorities in Jersey were obliged – as much as they would have liked to just go ahead and repatriate it – to go through certain legal procedures, because the other party would have a lawyer and there were legal issues.

“And then we have to now start going through that all over again; so that is really the challenge.’’
Onyeama also disclosed that the process of repatriation of looted funds stashed in other countries like Switzerland and U.S. was in progress.

“It is something that takes time – repatriation of stolen funds – because very often, you have to have an idea; you have to work on lead.’’

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