According to a statement issued by the British High Commission in Abuja, the Memorandum of Understanding was signed in December 2025 by Mark Temple, the UK’s Attorney General for Jersey, and representatives of the Nigerian government.

The agreement provides the framework for repatriating funds confiscated in Jersey and linked to corruption involving senior Nigerian officials.

The latest recovery builds on two earlier asset return agreements between Jersey and Nigeria, under which more than $300 million has already been repatriated.

Those funds were channelled into major infrastructure projects, including the Lagos-Ibadan Expressway and the Second Niger Bridge, under international monitoring arrangements designed to ensure transparency and accountability.

UK authorities said the new MoU reflects a broader commitment by the UK government and its Crown Dependencies to support Nigeria in tracing, seizing, and returning proceeds of corruption hidden abroad.

Over the years, this cooperation has become a central plank of bilateral engagement on governance and economic reform.

Under the terms of the agreement, the $9.5 million will support three flagship road projects: the Lagos-Ibadan Expressway, the Second Niger Bridge, and the Abuja-Kano Road. With the Lagos-Ibadan Expressway and the Second Niger Bridge already completed, the recovered funds are expected to be directed towards the 375-kilometre Abuja-Kano Highway, a key artery linking Nigeria’s capital to its second-largest city and a vital corridor for trade and mobility in northern Nigeria.

The British High Commission explained that the forfeiture process began on November 29, 2023, when Jersey’s Attorney General applied to the Royal Court of Jersey under the Forfeiture of Assets (Civil Proceedings) (Jersey) Law 2018.

Source: Africabusinessinsider