The Government of the United States of America, USA,
has repatriated the sum of $52. 88 million it said was traced to former
Petroleum Resources Minister Diezani Madueke.
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.
The AGF maintained that the development was not only a
testament to the unwavering commitment of both nations to fight corruption but
also signified the commitment of the USA to facilitate restitution and support
integrity and accountability in governance.
“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.
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