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Breaking: US Returns $52.88m Linked To Ex-Petroleum Minister Diezani Madueke
The United States government has repatriated $52.88 million traced to former Petroleum Resources Minister Diezani Madueke.
US Ambassador to Nigeria, Richard M. Mills Jr., led a delegation to execute the Assets Return Agreement at the Federal Ministry of Justice Headquarters in Abuja on Friday.
Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi (SAN), signed the agreement on behalf of Nigeria, revealing that the funds resulted from the forfeiture of Galactica assets linked to the former minister and her associates.
Fagbemi highlighted the agreement as a testament to the shared commitment of Nigeria and the US to combat corruption and promote accountability in governance.
He assured that the repatriated funds would be transparently and effectively utilized for the benefit of Nigerians under a robust framework managed by the World Bank and IIJ, with regular implementation reports shared with both nations.
Details later…
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