IBY
Peterside Rejoice Eneky
The Nigerian government has received $52.88 million in assets tied to former Petroleum Minister Diezani Alison-Madueke, recovered from the United States.
The announcement was made on Friday during the formal signing ceremony of the asset agreement in Abuja, attended by the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi.
Fagbemi revealed that $50 million of the recovered funds will be channeled through the World Bank to support a rural electrification program, while the remaining $2 million will be allocated to the International Institute of Justice to strengthen the justice system and fight corruption.
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