The Federal Government of Nigeria is set to recover $52.88 million in Galactica assets linked to former Petroleum Minister Diezani Alison-Madueke from the United States.
Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, made this known during a formal asset agreement signing ceremony with the United States in Abuja on Friday
Fagbemi revealed that $50 million of the funds will be directed through the World Bank to support rural electrification projects, while the remaining $2 million will go to the International Institute of Justice to enhance the justice system and strengthen anti-corruption efforts.
“This marks a significant milestone in the collaboration between Nigeria and the United States to combat corruption and uphold the rule of law,” Fagbemi said, highlighting it as part of President Bola Tinubu’s strategy to address corruption.
Meanwhile, U.S. Ambassador to Nigeria, Richard Mills, urged the Ministry of Justice to ensure proper monitoring and effective utilization of the recovered funds to maximize their impact on Nigerians
