Nigeria Confirms Receipt of $52.88m Diezani Alison-Madueke’s Loot

The Nigerian government has today confirmed it has received $52.88 million in recovered assets linked to a former Minister of Petroleum, Diezani Alison-Madueke, from the United States of America.

The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, made the confirmation during the formal signing ceremony of the asset agreement between Nigeria and the United States in Abuja.

A Channels TV reports, said Fagbemi described the asset return marks a milestone in the ongoing collaboration between Nigeria and the USA to combat corruption and uphold the rule of law

According to him, $50 million of the recovered assets would be deployed through the World Bank for the development of rural electrification projects, while the remaining $2 million would be used by the International Institute of Justice to expand the justice system and combat corruption.

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Speaking further, Fagbemi described the event as a significant step by President Bola Tinubu in addressing corruption.

Also reacting, the United States Ambassador to Nigeria, Richard Mills, in his remarks, called for effective monitoring and utilisation of the recovered assets by the Ministry of Justice to ensure they benefit Nigerians.

The bribery allegations against Diezani Alison-Madueke stirred a lot of emotions in Nigeria.

She was an influential member of the government who represented Nigeia also at the Organisation of Petroleum Exporting Countries (OPEC).

She also headed the Ministry of Mines and Steel Development before being appointed Minister of Petroleum Resources in Nigeria.