Recovered Loot: Nigeria, US Sign MOU for Return of $53m Linked To Diezani

Recovered Loot: Nigeria, US Sign MOU for Return of $53m Linked To Diezani

By Fly Cable News

The Federal Government and the United States of America have signed a memorandum of understanding to repatriate the sum of fifty-three million dollars stolen funds back to Nigeria.

The forfeited assets were part of funds of the Galactica asset linked to former Minister of Petroleum, Diezani Alison-Madueke. Galaxy Television reports that the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, while Speaking during the signing ceremony in Abuja, described the occasion as a memorable one for both countries.

He explained how the funds will be used to finance some critical projects in the country. The elated AGF also expressed gratitude to the United States Government for its steadfast support and cooperation in making the agreement a reality. In his response, the US Ambassador to Nigeria, Richard Mills expressed the US government’s trust in the Nigerian government’s determination to use the funds for the benefits of Nigerians.

According to Fagbemi the fulfillment of the agreement between the two countries is a significant affirmation of the resolve of President Bola Tinubu, to build a Nigeria that is free from the shackles of corruption.

This signing of agreement between Nigeria government and the United States of America signifies the culmination of efforts by the stakeholders to return forfeited assets linked to the former Minister of Petroleum, Diezani Alison-Madueke.