America returns $52.88m linked to former minister, Diezani madueke

America returns $52.88m linked to former minister, Diezani madueke

The United States government on Friday returned $52.88 million linked to former Nigerian Petroleum Minister Diezani Madueke.

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This amount was traced to assets forfeited by Galactica, connected to Madueke and her associates.

US Ambassador Richard M. Mills Jr. and Nigerian officials, led by Attorney-General Prince Lateef Fagbemi, formalized the agreement at the Ministry of Justice in Abuja.

The funds will be managed with transparency, under the supervision of the World Bank and IIJ, to ensure their proper use in projects benefiting Nigeria, adhering to international anti-corruption standards.