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FG Signs MoU with Jersey for Return of $9.5m Recovered Loot

Primestarnews by Primestarnews
January 10, 2026
in Top News
Reading Time: 2 mins read
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Jersey to return looted $9.5m to Nigeria
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The Federal Government has signed a Memorandum of Understanding (MoU) with the Bailiwick of Jersey for the repatriation of $9.5 million recovered from corrupt public officials.

The recovered funds have been earmarked for the completion of the Abuja–Kano Road and other critical legacy projects across the country.

According to official sources, the Attorney-General for Jersey, Mark Temple KC, signed the agreement authorising the return of the funds to Nigeria in December 2025.

The development was confirmed by the British High Commission in a statement issued on Friday in Abuja by its Media Officer, Stephen Odekunle.

The statement described the repatriation as a significant milestone in international cooperation against corruption, noting that it reflects the effectiveness of Jersey’s legal framework.

“This successful return demonstrates the strength of our civil forfeiture legislation as a powerful tool in the fight against corruption,” the statement said.

Temple also expressed appreciation to Nigerian authorities for their collaboration, as well as to the Economic Crime and Confiscation Unit in his department for their commitment to recovering proceeds of crime.

“I thank the Nigerian authorities for their cooperation and the Economic Crime and Confiscation Unit in my department for their unwavering commitment to recover the proceeds of crime,” the statement added.

The agreement is part of an ongoing effort by the Federal Government to recover stolen assets and channel them into infrastructure development and other priority national projects.

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