US EditionUS 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.
59 Articles
59 Articles
US to repatriate $52M in seized corruption funds to Nigeria
The United States Department of Justice (DOJ) announced on Friday an agreement to repatriate approximately $52.88 million in forfeited assets to Nigeria. The assets are linked to a corruption case involving former Nigerian Petroleum Minister Diezani Alison-Madueke and her associates. Under the agreement, $50 million of the repatriated funds will be dedicated to the Distributed Access Through Renewable Energy Scale-Up (DARES) project. The initiat…
Lawyer explains why Nigerian Govt hasn't adequately prosecuted Diezani
A Senior Advocate of Nigeria, Wahab Shittu, has blamed the difficult legal procedures involved in extradition for the inability of the Nigerian government to properly prosecute a former Minister of Petroleum, Diezani Alison-Madueke, for over 8 years. DAILY POST reports that Alison-Madueke is alleged to have looted millions of dollars belonging to Nigeria when she served as a minister under former President Goodluck Jonathan. Since the end of Jon…
Chicago Tribune
My Mother LodeUS to return $52.8 million in seized assets linked to Nigeria’s former oil minister
DAKAR, Senegal — The United States announced Friday that it would be returning $52.88 million in seized assets to Nigeria as part of a yearslong corruption probe against former oil minister Diezani Alison-Madueke and associates, according to a joint statement by Nigeria’s minister of justice and the United States government. It marks the first repatriation of assets linked to Alison-Madueke, who served as Nigeria’s oil minister from 2010 to 2015…
US to return $52.8 million in seized assets linked to Nigeria's former oil minister
The United States will return $52.88 million in seized assets to Nigeria as part of a yearslong corruption probe against former Nigerian oil minister Diezani Alison-Madueke and associates.
Nigeria govt secures $52.88m recovered assets tied to Diezani
The Federal Government of Nigeria has received $52.88 million in assets recovered from former Petroleum Minister Diezani Alison-Madueke. The United States formally handed over the funds during a ceremony in Abuja on Friday, January 10. Lateef Fagbemi, the Attorney General of the Federation and Minister of Justice revealed that $50 million of the recovered sum would be channelled through the World Bank to support rural electrification projects. …
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