Country of Origin
Nigeria
Country of Asset Location
Netherlands
Disposition of Criminal Case(s)
At the time of reporting (in 2020), there were concluded investigations/prosecutions related to this case both in the country of origin (Nigeria) and country of asset location (The Netherlands).
Action Initiating Asset Recovery
By domestic investigation by law enforcement authorities (independent from foreign request)
Stage of Asset Recovery
Assets returned
Legal Basis for Asset Recovery in the country of asset location
Conviction-based criminal prosecution and confiscation
Non-conviction based confiscation (NCB)
Out-of-court Settlement Agreement
Legal Basis for International Cooperation
UNCAC
Manner of Asset Transfer
Direct wire transfer to a centralized government account (e.g. general budget)
Notes
Specific factor that helped make the asset return possible was the role of private counsel was particularly useful. Counsel worked with the investigating authorities and the results were handy and enabled the non-prosecution agreement.
Assets returned
#1
Assets returned
9,000,000.00 USD
Assets Returned (USD equivalent)
$9,000,000.00
Date of return
December 2010
Asset Type at Time of Return
Cash/bank deposit
Agreement for Returned Assets
No
Assets Confiscated
#1
Jurisdiction
Netherlands
Asset Type at Time of Confiscation
Cash/bank deposit
Assets Frozen/Seized
#1
Jurisdiction
Netherlands
USD Conversion date
September 2023
Date and Country of Case Submission
January 1, 2020
Nigeria
Data Source
Official information provided by country authorities