Abacha is trending because UK’s Jersey is set to return another loot of $9.5M (£7M) linked to late President Sani Abacha, to be used for the usual ultra modern infrastructure.
All Abacha Loot Recoveries:
1. 1998 — $750M.
2. 2000 — $64M from Switzerland.
3. 2002 — $1.2B from family.
4. 2003 — $160M from Jersey, UK
5. 2003 — $88M from Switzerland.
6. 2005 — $461M from Switzerland.
7. 2006 — $44M from Switzerland.
8. 2014 — $227 million from Liechtenstein.
9. 2018 — $322 million from Switzerland.
10. 2020 — $311 million (US and Jersey).
11. 2022 — $23 million from United States.
12. 2026 — $9.5M from Jersey, UK.
Unlike the $311M in 2020, that was moved to USA and moved to UK to dampen its trail..
This recent $9.5M funds have been lying in a Jersey account for years. It was discovered during the Goodluck Jonathan regime, but legalities held its repatriation.
Now after investigations, in 2024, The Royal Court of Jersey British Crown Dependency ruled that;
The funds are from a corrupt scheme, diverting federal funds from Nigeria for the benefit of some senior officials and associates. So technically, they are not entirely an Abacha’s personal loot.
What has been done with the money?
Well, under Obasanjo, they deposited the loot recovered to every Nigerian’s bank account :) Goodluck Jonathan’s regime said they’d invest the money for Nigerians to benefit future generations :).
In 2018, Reps raise questions, saying they’d can’t see how the monies was used.
2020, SERAP filed a FOI request, demanding records of the disbursement or spending.
The then AGF, Abubakar Malami replied, saying the government had no record of how they spent the recovered loot from 1999 to 2015.
The funds recovered under Muhammad Buhari was used for; Abuja-Kano Expressway, Lagos-Ibadan Expressway, and the Second Niger Bridge.
Abacha’s widow, Maryam has repeatedly said, her husband was saving the money for Nigeria. But after he died, the money vanished.
Jersey British Crown Dependency is not part of UK. It is an Island near France with its own government. But the British monarch is its Head of State. They depend on the UK government for defence and foreign affairs.
Follow @TrendingEx for daily explanations!
The 2026 Budget allocation by Ministries, Departments, and Agencies (MDAs):
1. Presidency → ₦355,100,320,721
2. National Assembly → ₦344,852,880,669
3. Ministry of Defence → ₦3,154,393,400,291
4. Ministry of Foreign Affairs → ₦344,235,906,716
5. Federal Ministry of Information and National Orientation → ₦98,163,122,322
6. Ministry of Interior → ₦696,416,792,599
7. Office of the Head of the Civil Service of the Federation → ₦26,942,251,897
8. Auditor General for the Federation → ₦15,881,134,488
9. Public Complaints Commission → ₦29,460,000,000
10. Federal Civil Service Commission → ₦2,604,702,873
11. Independent National Electoral Commission → ₦1,013,778,401,602
12. Federal Character Commission → ₦6,531,190,463
13. Federal Ministry of Police Affairs → ₦1,329,461,895,087
14. Federal Ministry of Communications and Digital Economy → ₦84,560,421,789
15. National Security Adviser → ₦664,119,740,541
16. Code of Conduct Tribunal → ₦2,370,626,414
17. Infrastructure Concession Regulatory Commission → ₦2,780,925,426
18. Police Service Commission → ₦2,397,074,830
19. Secretary to the Government of the Federation → ₦293,021,567,646
20. Federal Ministry of Special Duties & Inter-Governmental Affairs → ₦13,781,104,156
21. Federal Ministry of Agriculture and Food Security → ₦1,447,973,604,421
22. Federal Ministry of Finance → ₦16,781,272,498,002
23. Federal Ministry of Industry, Trade and Investment → ₦87,436,249,085
24. Federal Ministry of Labour and Employment → ₦183,572,952,990
25. Federal Ministry of Science, Technology and Innovation → ₦838,674,080,349
26. Federal Ministry of Transport → ₦431,798,285,025
27. Federal Ministry of Aviation and Aerospace → ₦88,209,964,483
28. Federal Ministry of Power → ₦1,107,103,148,958
29. Ministry of Petroleum Resources → ₦71,597,986,053
30. Federal Ministry of Steel Development → ₦21,520,279,269
31. Federal Ministry of Works → ₦3,485,652,384,621
32. Federal Ministry of Budget and Economic Planning → ₦9,102,998,474,710
33. National Salaries, Incomes and Wages Commission → ₦4,683,161,168
34. Revenue Mobilisation Allocation and Fiscal Commission → ₦4,710,115,027
35. Fiscal Responsibility Commission → ₦1,991,672,502
36. Federal Ministry of Water Resources → ₦458,648,182,716
37. Federal Ministry of Housing and Urban Development → ₦105,926,305,272
38. Federal Ministry of Marine and Blue Economy → ₦149,181,952,655
39. Federal Ministry of Tourism → ₦10,417,248,347
40. Federal Ministry of Arts, Culture and Creative Economy → ₦59,882,227,219
41. Federal Ministry of Solid Minerals Development → ₦156,335,330,765
42. Federal Ministry of Livestock → ₦81,186,171,499
43. Judiciary → ₦341,625,739,236
44. Federal Ministry of Justice → ₦150,554,556,545
45. Independent Corrupt Practices and Related Offences Commission → ₦21,120,395,993
46. Code of Conduct Bureau → ₦15,748,365,861
47. Federal Capital Territory Administration → ₦460,737,525,183
48. Federal Ministry of Niger Delta → ₦1,350,964,245,478
49. National Sports Commission → ₦206,433,718,652
50. Federal Ministry of Women Affairs → ₦154,315,760,358
51. Federal Ministry of Education → ₦2,399,161,320,016
52. Federal Ministry of Health and Social Welfare → ₦2,149,385,867,131
53. Federal Ministry of Environment → ₦164,144,903,358
54. National Population Commission → ₦31,359,208,037
55. Federal Ministry of Humanitarian Affairs and Poverty Alleviation → ₦462,663,187,207
56. Federal Ministry of Youth Development → ₦518,362,661,771
Right below is the complete breakdown of the allowance and salary of the state governors in Nigeria:
Monthly Basic Salary – ₦2,223,705
Leave Allowance – ₦222,370.50
Vehicle Loan – 400% of annual basic salary
End of Tenure Gratuity = ₦6,671,115.
UBA = ₦46.
Fidelity = ₦21.15.
Wema = ₦20.70.
But every Friday, you dey use ₦50k to chase one babe that still dey call another guy “Papi.”
Shareholders dey collect dividend. You dey collect “seen.”