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    Home » Nigeria Receives $52.88m Recovered Diezani Alison-Madueke Assets From US
    1 Min ReadJanuary 10, 2025

    Nigeria Receives $52.88m Recovered Diezani Alison-Madueke Assets From US

    By Amina MohammedJanuary 10, 2025No Comments1 Min Read
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    The Nigerian government has received $52.88m recovered Galactica assets, linked to a former Minister of Petroleum Diezani Alison-Madueke from the USA.

    The Attorney-General of the Federation and Minister of Justice Lateef Fagbemi disclosed this at the formal signing ceremony of the asset agreement between Nigeria and the United States of America in Abuja on Friday.

    Delivering his remarks Fagbemi explained that $50m of the recovered assets will be deployed through the World Bank for the rural electrification project and the remaining $2m will be deployed to the International Institute of Justice to expand the Justice system and also counter corruption.

    Speaking further, Fagbemi noted that the asset return marks a milestone in the ongoing collaboration between nigeria and the United States in combating corruption and upholding the rule of law

    He said the event is also a significant effort by President Bola Tinubu to address the issue of corruption.

    Meanwhile, in his remarks, the United States Ambassador to Nigeria Richard Mills called for the monitoring and utilization of the recovered assets for the benefit of Nigerians.

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    • Amina Mohammed
      Amina Mohammed

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    Diezani Alison-Madueke
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