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January 10, 2025

Nigeria and US Sign Agreement to Repatriate $52.88 Million in Forfeited Assets

international

Nigeria and the United States have signed an agreement to repatriate approximately $52.88 million in assets forfeited by former Nigerian Petroleum Resources Minister Diezani Alison-Madueke and her associates, Nigerian Justice Minister Lateef Fagbemi announced on Friday.

The agreement “concretizes the repatriation of approximately $52.88 million arising from the forfeiture of the Galactica assets, linked to the former Petroleum Resources Minister Diezani Alison-Madueke and her associates,” Fagbemi said in a statement.

According to Fagbemi, the funds will be used to support rural electrification projects through the World Bank, with $50 million allocated to increasing access to renewable energy. The remaining $2.88 million will be disbursed as a grant by Nigeria to the International Institute for Justice to support counter-terrorism capacity across Africa.

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Bangladesh, India, State Department

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International, Pentagon, US

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Americas, Asia, Lead, State Department

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Asia

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Culture, Lifestyle

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Americas, International, Lead, Russia

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Americas, Finance, International, Lead, South America

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Americas, US

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Sports

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Lifestyle

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Americas, Lead, News, North America, US

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More News

Entertainment

Wicked’ Sets New Global Box Office Record Ahead of Digital Release

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Americas

Trump’s Immigration Plans: Mass Detentions and Migrant Returns to Mexico

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Bangladesh, India, Lead

Bangladesh’s Ministry of Foreign Affairs summoned Indian High Commissioner Pranay Verma on Tuesday

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Culture, Entertainment

Thanos Returning in New Avengers Movie

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International, Middle East

Iran Reports Two Soldiers Killed in Israeli Strikes on Military Bases

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Lifestyle, Youth

Do Hormonal IUDs Cause Breast Cancer? Here’s What the Evidence Really Says

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Bangladesh, Culture, Entertainment

The Rise of Islamic Fundamentalism Threatens Music Culture in Bangladesh

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Americas, Lead

FBI Finds No Definitive Link Between New Orleans Attack and Las Vegas Explosion

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Lead, Middle East

Syrian Foreign Minister Visits Saudi Arabia, Aims to Strengthen Relations

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News, Sports

FIFA Apologizes to Ukraine for Excluding Crimea from Map During World Cup Qualifying Draw

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January 10, 2025 6:12 pm