Nigerian Government has received $52.88 million, allegedly stolen by a former Minister of Petroleum, Diezani Alison-Madueke, from the United States of America.
The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, disclosed this during the formal signing ceremony of the asset agreement between Nigeria and the United States in Abuja on Friday.
Channels TV reported that $50 million of the recovered assets would be deployed through the World Bank for the development of rural electrification projects, while the remaining $2 million would be used by the International Institute of Justice to expand the justice system and combat corruption.
Fagbemi noted that the asset return marks a milestone in the ongoing collaboration between Nigeria and the USA to combat corruption and uphold the rule of law.
He also described the event as a significant step by President Bola Tinubu in addressing corruption.
In his remarks, the United States Ambassador to Nigeria, Richard Mills called for effective monitoring and utilisation of the recovered assets by the Ministry of Justice for the benefit of Nigerians.
cpcnews.org 