Nigeria is set to receive about $9.5 million in recovered assets from the Bailiwick of Jersey, a British Crown dependency, as part of ongoing international efforts to repatriate proceeds of corruption. The return of the funds follows a Memorandum of Understanding signed in December 2025 between Jersey’s Attorney General and Nigerian authorities, aimed at strengthening cooperation on asset recovery, according to statements from Business Insider Africa.
The recovered funds will be deployed toward critical infrastructure projects, notably the completion of sections of the Abuja–Kano highway, a major transport corridor linking northern and central Nigeria. Nigerian authorities said the arrangement builds on earlier recoveries facilitated through similar agreements, which have channeled hundreds of millions of dollars into nationally significant projects such as the Second Niger Bridge and the Lagos–Ibadan Expressway, as highlighted ChannelsTv.
The forfeiture followed civil proceedings in Jersey, where the Royal Court ruled that the assets were more likely than not linked to corruption, based on evidence presented under the island’s asset forfeiture laws, according to details released by Jersey’s legal authorities. Nigeria’s Attorney-General and Minister of Justice, Lateef Fagbemi, described the development as a further demonstration of effective international collaboration against illicit financial flows.
Officials on both sides said the repatriation reinforces commitments to transparency and accountability, noting that the funds will be monitored and applied strictly in line with the terms of the agreement. The deal, they added, reflects a broader global push to ensure that proceeds of corruption are returned to countries of origin and redirected toward development priorities.
