The Government of Jersey, a self-governing British Crown Dependency, has agreed to return $9.5 million in corruption proceeds to Nigeria, marking another step in international cooperation on asset recovery.

The funds are part of assets previously traced to corruption-related activities and recovered through legal proceedings in Jersey. Nigerian authorities, working alongside international partners, secured the agreement following investigations linked to illicit financial flows.

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According to officials, the repatriated funds will be subject to monitoring and transparency mechanisms to ensure they are used for public interest projects in Nigeria. This aligns with existing frameworks between Nigeria and its international partners aimed at preventing the re-looting of recovered assets.

The development reinforces Nigeria’s ongoing efforts to recover stolen public funds abroad and highlights growing global collaboration in tackling corruption and financial crimes.