U.S. to Return $52.88 Million to Nigeria in Asset Repatriation Effort
The United States has announced it will return $52.88 million in seized assets to Nigeria, connected to a long-running corruption investigation involving former Petroleum Minister Diezani Alison-Madueke. This marks the first significant repatriation related to Alison-Madueke, who served from 2010 to 2015 and has been accused of significant misappropriation of funds.
U.S. authorities confiscated the assets, which include a superyacht and valuable real estate holdings in New York and California, during her trial in 2023. According to a statement from Nigerian officials and the U.S. government, the bulk of the repatriated funds, amounting to $50 million, will be dedicated to rural electrification programs in Nigeria. The remaining sum of $2.88 million will be granted to the International Institute for Justice to support initiatives aimed at enhancing rule of law and combating terrorism.
Alison-Madueke has consistently denied any wrongdoing, despite Nigeria’s anti-corruption agency securing numerous court orders to seize luxury items believed to be linked to her alleged corrupt practices. Many suspect that her illicit assets were hidden in the U.S. and U.K., highlighting the international dimension of Nigeria’s ongoing fight against corruption.
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