The Nigerian government has received $52.88 million in assets linked to former Petroleum Minister Diezani Alison-Madueke, which were recovered from the United States.
During the formal signing ceremony of the asset agreement between Nigeria and the United States in Abuja on Friday, the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, made this announcement.
In his speech, Fagbemi said that $50 million of the recovered assets will be allocated through the World Bank for the rural electrification initiative, while the remaining $2 million will be directed to the International Institute of Justice to enhance the justice system and combat corruption.
Fagbemi added that this asset recovery signifies a key development in the ongoing partnership between Nigeria and the United States to tackle corruption and maintain the rule of law. It also represents a crucial effort by President Bola Tinubu to confront the issue of corruption.
In his remarks, the United States Ambassador to Nigeria, Richard Mills, urged the government to monitor and effectively use the recovered assets by the Ministry of Justice to ensure they benefit the Nigerian populace.
