DOJ Wins Forfeit Of $480M From Ex-Nigerian Despot's Stash

By Daniel Wilson (August 7, 2014, 7:26 PM EDT) -- The U.S. Department of Justice has secured a forfeiture order for more than $480 million stashed in bank accounts across the globe by former Nigerian dictator Sani Abacha and his co-conspirators, to be returned to its rightful Nigerian owners, the agency announced Thursday.

The DOJ was granted forfeiture of assets from seven accounts held at units of Deutsche Bank AG, HSBC Bank PLC and Standard Bank, among others, in Jersey, Channel Islands; France; Ireland; and the U.K., with U.S. District Judge John D. Bates issuing a default judgment Thursday.

"Rather than serve his county, General Abacha used his public office in...

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