FG receives $52m Diezani loot from U.S.
By Sabiu Abdullahi
The Nigerian government has received $52.88 million in recovered assets linked to Diezani Alison-Madueke, a former Minister of Petroleum Resources.
The funds were handed over by the United States government, as announced by the Attorney-General of the Federation (AGF) and Minister of Justice, Lateef Fagbemi, during a formal agreement signing ceremony in Abuja on Friday.
In his remarks, Fagbemi explained that $50 million of the recovered assets would be allocated through the World Bank to support rural electrification projects.
The remaining $2 million is to be directed to the International Institute of Justice to enhance the justice system and combat corruption.
Stating the benefits of this development, Fagbemi described it as a milestone in the collaboration between Nigeria and the United States in fighting corruption and promoting the rule of law.
He also emphasized that this recovery reflects President Bola Tinubu’s commitment to addressing corruption.
United States Ambassador to Nigeria, Richard Mills, stressed the need for transparency and accountability in using the recovered funds to benefit the Nigerian populace.
This asset recovery represents a continued effort by both nations to strengthen their partnership in ensuring good governance and accountability.