The money was recovered and confiscated in Jersey, Channel Islands on the request of the United States of America government.
It was said that the late military Head of State, laundered the money to the Channel Island, before his death in 1998.
A report by Metro Uk, the laundered money was put in account held in Jersey, Doraville Properties Corporation, a British Virgin Islands company.
The money is said to be held until, Jersey, US and Nigeria came to an agreement on what to do with the money in term of distribution.
It was said that the money would be kept Jersey, in it Criminal Confiscated Fund and be used to pay for several projects on the Island.
It was gathered that more money found with Doraville, is likely to be seized and put in the Civil Asset Recovery Fund in the future.
A report credited to the Attorney General of Jersey, Robert MacRae says “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.”
However, Doraville properties Corporation, has taken legal step against MacRae order agaunst its account at the Royal court and at the Jersey's Appeal court since 2016.
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