Country of Origin
Nigeria
Other Jurisdictions Involved
France
Disposition of Criminal Case(s)
At the time of reporting (in 2020), there were ongoing investigations/prosecutions related to this case in Nigeria.
Action Initiating Asset Recovery
Other procedure
Stage of Asset Recovery
Assets returned
Legal Basis for Asset Recovery in the country of asset location
Conviction-based criminal prosecution and confiscation
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)
Contributing Factors in Asset Recovery
Other
Specify Other
Negotiation; Settlement
Notes
The actions initiating asset recovery were negotiations and settlement.
The confiscation order was in France and the United States.
The asset freezing/seizure order was in France and the United States.
Assets returned
#1
Assets returned
30,000,000.00 USD
Assets Returned (USD equivalent)
$30,000,000.00
Asset Type at Time of Return
Cash/bank deposit
Agreement for Returned Assets
No
Asset Type at Time of Confiscation
Cash/bank deposit
USD Conversion date
September 2023
Date and Country of Case Submission
January 1, 2020
Nigeria
Data Source
Official information provided by country authorities