States of Jersey to Return £315 Million Abacha Loot to Nigeria
The States of Jersey the biggest territory in the Channels Island is set to return £ 315 million Abacha loot to Nigeria.
Micheal Birt, the Ballif of Jersey stated this at a dinner in honour of Dalhatu Tafida, Nigerian High Commissioner to the UK during a State visit to the Island.
Birt who doubles as the Island’s Civic
Head of State and ceremonial head is the highest ranking official in the
Jersey order of precedence.
It will be recalled that the Island
famous for its transparent banking services had previously repatriated
in two tranches £140 million pounds of the loot.
The Europe Correspondent of the News
Agency of Nigeria (NAN) reports on Monday in London that the money was
laundered on behalf of Abacha by Raj Bhojwani an Indian businessman.
Bhojwani is currently serving an eight year sentence in a UK prison.
Speaking on Jersey’s financial services
and global perception of the Island, Birt said that the repatriated loot
was in line with ongoing campaign against money laundering.
“We have done a lot to clean up the image of the Island as a safe haven for stolen wealth.”
“What we have in place is a transparent
and legal finance heaven where only legal funds can be deposited and
accessed by investors,” Birt said.
In his response Tafida commended Birt
for the Islands transparent banking sector, and informed them of
government’s commitment to
fighting corruption and strengthening its anti-graft agencies.
fighting corruption and strengthening its anti-graft agencies.
The high commissioner also spoke on the
investment opportunities in all sectors of the economy, while laying
emphasis on the nation’s GDP, and high return on investment rate.
Nigeria’s GDP has grown above 6.5 per cent per annul in the last six years.
” The array of investment opportunities
that abound in the country and generous incentives available to
investors in all sectors of the economy, has continued to make it a
global investment destination,” he stressed.
The dinner was attended by top officials from the Jersey government and members of Tafida’s delegation.
NAN reports that the visit marks the beginning of bi-lateral relations with the Jersey.
Officials from Jersey are expected to carry out a similar visit to Nigeria.
