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Repatriation by US of laundered Nigerian assets to fund rural electrification

By Samuel Rubenfeld ( January 13, 2025, 18:23 GMT | Insight) -- About $50 million in stolen Nigerian assets to be repatriated by the US will fund rural electrification in Nigeria, according to a joint agreement signed Friday by the two governments. The funds come from the $53 million recovered by US authorities in 2023 following the resolution of forfeiture cases stemming from alleged corruption of the Nigerian oil industry by former Minister for Petroleum Resources Diezani Alison-Madueke and others.About $50 million in stolen Nigerian assets to be repatriated by the US will fund rural electrification in Nigeria, according to a joint agreement signed Friday by the two governments....

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