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January 10, 2025

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

International Desk

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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Asia, Lead

More than 30,000 Syrian Citizens Return from Turkey to Syria

Entertainment

Denzel Washington Apologizes for Black Panther 3 Role

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Emergency Services Respond to Fatal Crash Near Preschool in Regional Victoria, Australia

Cricket, News, Sports

PCB Explains India’s Absence of Indian Flag on Pakistan Ground

Asia, Lead

Over 27,000 Foreign Nationals in Malaysia Benefit from Repatriation Programme

Asia, India, International, Lead, News, Pakistan

Pakistan Supported Terrorism for the West, Admits Defence Minister

Americas, Finance, International, Middle East, US

Trump to Propose $100 Billion Arms Deal with Saudi Arabia

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UN Chief Urges India and Pakistan to Exercise Restraint

Americas, International, Middle East, News, US

U.S. Secretary of State: Iran Must Abandon Nuclear Program Completely

International

Jordan Bans Muslim Brotherhood Over Security Concerns

Asia, India, International, Lead, News, Pakistan

Exchange of Gunfire Between Indian and Pakistani Troops at Kashmir Border

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April 25, 2025 11:41 pm