FG Recovers $52.88m In Assets Linked To Diezani
The Nigerian government has received $52.88 million in recovered assets linked to Diezani Alison-Madueke, a former Minister of Petroleum.
The assets, known as Galactica assets, were returned by the United States government.
The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, made the announcement at a formal signing ceremony of the asset agreement between Nigeria and the US in Abuja on Friday, Channels reports.
According to Fagbemi, the recovered funds will be utilized for development projects.
Specifically, $50 million will be deployed through the World Bank to support rural electrification projects, while the remaining $2.88 million will be allocated to the International Institute of Justice to enhance the justice system and counter corruption.
The return of these assets the Justice Minister said marks a significant milestone in the collaboration between Nigeria and the US to combat corruption and uphold the rule of law.
It also demonstrates President Bola Tinubu’s commitment to addressing corruption, he maintained.
