Nigerian Government, has received $52.88m recovered Galactica assets, linked to a former Nigeria’s Minister of Petroleum, Diezani Alison-Madueke, from the USA.
Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, disclosed this, on Friday, at a formal signing ceremony of the asset agreement between Nigeria and the United States of America in Abuja.
Delivering his remarks, Fagbemi explained that $50m of the recovered assets will be deployed through the World Bank for the rural electrification project and the remaining $2m will be deployed to the International Institute of Justice to expand the Justice system and also counter corruption.
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Fagbemi also noted that the asset return marks a milestone in the ongoing collaboration between Nigeria and the United States in combating corruption and upholding the rule of law
He said, the event is also a significant effort by President Bola Ahmed Tinubu to address the issue of corruption.
In his remarks, the United States Ambassador to Nigeria, Richard Mills, called for the monitoring and utilization of the recovered assets for the benefit of Nigerians. – NPN
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