Ismail Abdulazeez Mantu Reporting
In recent development, the Government of the United States of America, USA, has returned the sum of $52. 88 million it said was traced to former Petroleum Resources Minister Diezani Madueke.
Truth Live News gathered from multiple sources that the US Ambassador to Nigeria, Mr. Richard M. Mills, Jr, led a delegation that executed the Assets Return Agreement at the Federal Ministry of Justice Headquarters in Abuja, on Friday.
Signing the agreement on behalf of the Federal Government, the Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN, disclosed that the $52.88m arose from the forfeiture of GALACTICA ASSETS, linked to the ex-Minister and her associates.
“Measures have also been put in place to ensure that the repatriated funds are not only disbursed but also utilized transparently and accountably by the World Bank and IIJ, with periodic reports to be forwarded to Nigeria and the US on the implementation of the projects.
“This robust framework will guarantee that the funds are effectively used for the full benefit of the Nigerian people in line with UNCAC and the Global Forum on Asset Recovery (GFAR) principles,” the AGF added.