US to return $52.88 mln in assets forfeited by ex-Nigerian oil minister
- The United States will return $52.88 million in seized assets to Nigeria linked to former Oil Minister Diezani Alison-Madueke, as stated in a joint statement by Nigeria's Minister of Justice and the United States government.
- The assets include a superyacht and real estate in New York and California, confiscated during Alison-Madueke's trial in 2023.
- Of the returned funds, $50 million will support rural electrification programs in Nigeria, while $2.88 million will go to the International Institute for Justice for rule of law initiatives.
- Alison-Madueke is accused of looting millions in public funds, and her extradition has faced challenges, delaying her prosecution for over eight years, according to Senior Advocate Wahab Shittu.
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