The United States Ambassador to Nigeria, Richard Mills, has called for effective monitoring and utilisation of the $52.88 million recovered from a former Minister of Petroleum Resources, Deziani Alison-Madueke.
Alison-Madueke is fighting on several fronts, including battles with the Economic and Financial Crimes Commission, in connection with alleged abuse of office during her time as minister.
On Friday, it was announced that the Federal Government has received $52.88 million in recovered assets linked to a former Minister of Petroleum, Diezani Alison-Madueke, from the United States of America.
The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, disclosed this during the formal signing ceremony of the asset agreement between Nigeria and the United States in Abuja on Friday.
In his remarks, Fagbemi, according to Channels TV reports, explained that $50 million of the recovered assets would be deployed through the World Bank for the development of rural electrification projects, while the remaining $2 million would be used by the International Institute of Justice to expand the justice system and combat corruption.
Speaking further, Fagbemi noted that the asset return marks a milestone in the ongoing collaboration between Nigeria and the USA to combat corruption and uphold the rule of law.
He also described the event as a significant step by President Bola Tinubu in addressing corruption.
