Jersey withholds $300 million linked to former Nigerian President

Credit: ITV Channel

Jersey's Attorney General has said the island has once again shown its "commitment to tackling international crime and money laundering."

It comes after the Privy Council chose to back the island's decision to withhold up to $300 million linked to General Sani Abacha, the former Nigerian President.

A court in Washington DC found the money was obtained by General Abacha during his military regime in the 1990s.

The money had been originally laundered through the US banking system by the former President's son Mohammed Abacha before being transferred to Jersey.

It is thought General Abacha stole up to £2.2 billion from Nigeria during his presidency through theft and inflated invoices.

The $300 million came to Jersey's Deutsche Bank International through a British Virgin Island's company after being laundered through US and Swiss banks.