The United States has frozen $458 million and is seeking the forfeiture of another $100 million suspected of being connected to General Sani Abacha.
The former Nigerian dictator along with his sons and other conspirators allegedly moved billions of dollars out of the country in the 1990’s. Some of those billions allegedly were taken from the Central Bank of Nigeria on national security grounds through a series of “security votes” letters, then used to buy hundreds of millions of U.S. dollar-denominated Nigerian bonds.
The $458 million were in funds located in accounts France and the Channel Islands. The additional $100 million is believed to be in four investment portfolios and three bank accounts in the United Kingdom, including the British Virgin Islands.
The department called this the largest civil forfeiture case ever brought against a foreign leader by the U.S.