June 6, 2025 10:23 am
Full News

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

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.

Related News
Europe Shifts Focus on Ukraine Security Amid Political and Logistical Challenges
Pixxel Launches India’s First Private Satellite Constellation
Trump Will Stop Wars And Make Friends, Bring Critics Under Investigation
India’s Smog Crisis: Mounting Economic and Health Costs
Bangladesh’s Interim Government Bans Awami League Activities, Sparks Political Uproar
Editors’ Council Statement on the “Anti-Terrorism (Amendment) Ordinance 2025”
Related Posts
NATO Chief Proposes 5% Defence Spending Target to Appease Trump
Trump Says Elon Musk ‘Lost His Mind’; Not Interested in Talking to Him Right Now
Russia Unleashes Massive Retaliatory Airstrike Across Ukraine After Kyiv Bombs Strategic Bombers
Former Zambian President Edgar Lungu Passes Away
U.S. Imposes Sanctions on ICC Judges
Netanyahu Admits Use of Gangsters to Suppress Palestinians
More News

Iran-Led Axis of Resistance in the Wake of Syria’s Upheaval

For decades, Iran has strategically cultivated an “axis of resistance” across the Middle East, a network of allied factions and governments aimed at countering the influence of Israel and the United States. This alliance, encompassing groups in Iraq, Lebanon, Syria, Yemen, and the Palestinian territories, has long been a cornerstone of Tehran’s regional strategy. However, […]

Tragic Car Attack on German Christmas Market Leaves Five Dead, Over 200 Injured

A devastating incident in the eastern German city of Magdeburg claimed five lives, including that of a child, and left over 200 people injured when a car plowed into a crowded Christmas market. Authorities report that dozens remain in critical condition, with 41 severe injuries confirmed by local media. Incident Overview Reiner Haseloff, the premier […]

Trump’s Defense Secretary Nominee Faces Scrutiny Over Sexual Assault Allegations and Settlement

President-elect Donald Trump’s pick for Secretary of Defense, Pete Hegseth, reportedly paid a settlement to a woman who accused him of sexual assault in an incident dating back to October 2017. Hegseth denies the allegations, claiming the encounter in Monterey, California, was consensual, according to his attorney. Local authorities confirmed that an investigation into “an […]

United Coach Want To Win The Europa League

Manchester United have not been in the best look in the field performance for a long time. However, Huben Amuri is dreaming big with the team. The new coach of the Old Trafford club wants to make the Europa League title home. The preliminary phase of the Europa League of that team ended on Thursday. […]

Ukraine War Could End in Two Months: Putin

If Washington stops providing financial and military aid to Kyiv, the war in Ukraine could end within two months, said Russian President Vladimir Putin. He made this statement in an interview with Russian journalist Pavel Zarubin on Tuesday. In the interview, Putin stated, “If Western sponsors withdraw their support, Ukraine will cease to exist. If […]

Washington on high alert ahead of Trump’s inauguration

A 30-mile temporary fence has been erected in Washington as a precaution ahead of Donald Trump’s inauguration. A 30-mile (48 kilometer) long and high temporary fence of black color has been installed. Some 25,000 law enforcement officers have been deployed. Security checkpoints have been set up for millions of spectators. Above all, Washington has made […]

Venezuelan opposition members claim they are under ‘siege’ as they take refuge in embassy

The residence of the Argentine ambassador in Caracas, Venezuela, stands largely silent these days. Gone are the usual diplomatic conversations and festive Christmas carols, replaced only by the hum of a small diesel generator, which the few remaining occupants use twice daily to charge their phones. The rest of the time, the mansion is eerily […]

Everton manager Dyce sacked 3 hours before match

Sean Dyce’s two-year stint as Everton head coach has come to an end. Three hours before the third round of the FA Cup, Everton gave the shocking news. The Premier League team has sacked Shaun Dice as head coach. Everton will face Peterborough United at home on Thursday at 8:45 pm local time. At around […]

Large Cache of Arms Seized in Mizoram

A large cache of arms has been seized in India’s northeastern state of Mizoram, near the Bangladesh border. Mizoram Police claims that the United People’s Democratic Front (UPDF), a regional organization from Bangladesh’s Chittagong Hill Tracts, and Myanmar’s Chin National Front (CNF) are involved in this arms smuggling operation. A senior Mizoram police officer told […]

Chris Evans Speaks Out on Being Retired as Captain America

Chris Evans has officially responded to recent rumors suggesting he would reprise his role as Steve Rogers/Captain America in Avengers: Doomsday. The reports, which emerged in December, claimed that Evans had signed on for Marvel’s next big team-up film, set to be released in 2026. However, in a recent interview with Esquire, Evans shut down […]