• US Returns $50m In Alleged Stolen Funds To Nigeria

  • Jan 13 2025
  • Length: 1 min
  • Podcast

US Returns $50m In Alleged Stolen Funds To Nigeria

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  • Summary

  • Nigeria’s justice ministry says close to $53m in alleged illicit funds recovered from Nigeria's former oil minister Diezani Alison-Madueke will be used to fund public services. The money is being sent back to Nigeria from the US, whose authorities allege that Alison-Madueke enriched herself, and others, while leading Nigeria's state oil firm by awarding contracts in exchange for bribes. The US alleged that the money was then used to buy a 65-metre superyacht called the Galactica Star plus multiple luxury properties in California and New York. Alison-Madueke, 64, has always denied all allegations of wrongdoing.

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