US To Return $8.9m Looted Under Jonathan To Nigeria

The New Diplomat
Writer
2023: Jonathan Missing As APC Lists Presidential Aspirants 

Ad

Tesla sales tumble 40% in Europe as BYD surges past rival

By Obinna Uballa Tesla’s grip on the European electric vehicle market continued to loosen in July, with sales plunging 40% year-on-year even as Chinese challenger BYD posted explosive growth, according to data from the European Automobile Manufacturers Association (ACEA) on Thursday. New car registrations of Tesla vehicles totaled 8,837 in July, down 40% year-on-year, according…

Tinubu Returns to Abuja, Says Foreign Engagements ‘ll Enhance Nigeria’s Economic Growth

By Abiola Olawale President Bola Ahmed Tinubu returned to Abuja on Thursday, August 28, 2025, following a state visit to Brazil and an earlier visit to Japan. Shortly after his return, Tinubu stated that his international engagements are focused on fostering economic growth, job creation, and long-term prosperity for Nigerians. In a statement shared on…

Access HoldCo Names Innocent Ike CEO as Aig-Imoukhuede tightens grip after Wigwe’s death

By Obinna Uballa Access Holdings Plc has confirmed the appointment of Mr. Innocent Ike as its substantive Group Managing Director and Chief Executive Officer (GMD/CEO), effective August 29, 2025, following approval from the Central Bank of Nigeria (CBN). The announcement comes less than 24 hours after Roosevelt Ogbonna, the Managing Director of Access Bank, resigned…

Ad

By Agency Report

A Royal Court in Jersey, United States, has reportedly ruled that stolen assets worth £6.9m ($8.9m) be repatriated to Nigeria.

The said assets were allegedly diverted by Nigerian government officials in 2014 under the guise of purchasing arms to fight Boko Haram terrorists.

According to BBC, the court ruled that the money, deposited in a Jersey bank account, was likely stolen by officials in the Nigerian Government in 2014.

Controversies had surrounded the purchase of weapons in the fight against insurgency with the then National Security Adviser, Sambo Dasuki, being accused of diverting funds meant for security equipment during Jonathan’s administration.

Also in late 2014, a private jet was arrested in South Africa with $10m cash, which was allegedly meant for the purchase of military weapons.

However, the order of the Royal Court in Jersey followed a forfeiture notice to the court by Jersey’s Attorney General, Mark Temple KC.

The court held that the funds were deposited in a Jersey bank account and were not used for the arms purchase.

Temple said the Government of Jersey was in close partnership with Nigeria on the repatriation of the funds.

The AG claimed part of the funds were shared with family members of politicians in the then-ruling Peoples Democratic Party ahead of the 2015 general election.

“This case again demonstrates the effectiveness of the 2018 Forfeiture Law in recovering the proceeds of corruption and restoring that money to victims of crime.

“I now intend to negotiate an asset return agreement with the Federal Republic of Nigeria,” he said.

 

Ad

X whatsapp