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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.

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

Europe, Germany, International, Lead, News

Strike Called at 11 Airports in Germany, Thousands of Flights Canceled

France, International, Lead, Middle East

Iran Urges France to Reconsider Approach Ahead of Nuclear Talks

Africa, International, News

Guinea’s Junta Leader Pardons Moussa Dadis Camara Amid Controversy

Europe, International, News, Russia

NATO Sounds Alarm Over Potential Russian Nuclear Weapons in Space

Americas, Lead

US Congress officially recognizes Trump’s victory

Asia, Bangladesh, Economy, International, News, Opinion, Stock Market

MIDI Strategic Vision: Analysis of Development and Economic Impact in Bangladesh.

Asia, Economy, International, News

Title: South Asia’s Growth Prospects Declining Alarmingly: World Bank

Asia, India, International, Lead, News, Pakistan

India Declares Pakistani Military Advisers ‘Persona Non Grata’

Asia, India, International, Lead, News, Pakistan

India Cancels Indus Water Treaty with Pakistan Following Kashmir Attack

Asia, Bangladesh, International, Lead, News

Swachip Office Vandalized Amid Political Turmoil : Bangladeshi Doctors’ Body Blames ‘Illegitimate Yunus Government’

Asia, India, International, Middle East, News

Modi Avoids Pakistani Airspace on Return from Saudi Arabia

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Entertainment, News

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Asia, Bangladesh, India, International

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Economy, International, News, Russia, UK

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Asia, Bangladesh, International, Opinion, US

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Asia, Law

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April 24, 2025 5:16 am