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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.

Brazil Wins First Oscar

Bangladesh, International, Opinion

Historical March 7th Speech: The Formation of Bangladesh

International, News, Russia, Ukraine

Ukraine Marks Third Anniversary of Russian Invasion Amid Concerns Over Potential Peace Deal

Asia, Global Trade, India, International, News

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Entertainment, News

Glen Powell Excited for ‘The Running Man’ Remake

Asia, China, Economy, Lead, News, UK

Maintaining Pragmatic Relations with China Necessary for Growth: British Finance Minister

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Elon Musk to Step Down from Government Role

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Elon Musk’s Cost-Cutting Team Sends Error-Ridden Termination Notices to USAID Staff

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Finland’s President Urges France or Britain to Engage with Russia on Ukraine

Asia, India, International, Lead, News

Controversial Waqf Bill Passed in India’s Lok Sabha

International, Israel, Middle East, News, Palestine

Israeli Forces Used Palestinians as ‘Human Shields’

Americas, Economy, Europe, Global Trade, International, US

World Leaders React to Trump’s Tariff Imposition

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April 3, 2025 9:17 pm