The United States will return $52.88 million in seized assets to Nigeria as part of a yearslong corruption probe against former Nigerian oil minister Diezani Alison-Madueke and associates.
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The seized assets, including a superyacht and prime real estate in New York and California, were confiscated in 2023 by U.S. authorities during Alison-Madueke’s trial. Of the repatriated funds, $50 million will be allocated to rural electrification programs in Nigeria, while the remaining $2.88 million will be disbursed as a grant by the African country to the International Institute for Justice to support rule of law and counterterrorism operations.
As a minister, Alison-Madueke had pledged to transform the oil sector but was accused by authorities of looting millions of dollars in public funds alongside her associates. Authorities say that many such assets were allegedly domiciled in the United States and the United Kingdom. Although she has consistently denied any wrongdoing, Nigeria’s anti–graft agency has secured court orders seizing houses, cars and jewelry in Nigeria, which it claims were proceeds of corruption connected to the former minister and her associates.Plane crash-lands and bursts into flames in Kenya, killing 3 on the ground
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