World News

America Returns $52.88m linked to ex- Nigerian Minister

News Update

THE Nigerian government has received $52.88 million in assets linked to former Petroleum Minister Diezani Alison-Madueke, which were recovered from the United States

Speaking during the signing of MoU, the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN) said the agreement provides that $50 million of the funds, which is about N77 billion, will be used to fund rural electrification project to increase the reliability and availability of renewable energy in Nigeria.

The minister added that the balance of $2.88 million will be disbursed as a grant by Nigeria to the International Institute for Justice (IIJ) to support “the Rule of Law and Counter-Terrorism Project,” through counter-terrorism capacity building for criminal justice sector practitioners in East, West, and North Africa.

VAM News

Recent Posts

Global Pentecost Day 2026: Bishop Mike Bamidele Urges Nigerian Government to Train Believers for Self-Defense Against Insecurity

THE Presiding Bishop of Victory Life Ministries International, Bishop Mike Bamidele has called on the…

1 hour ago

FG declares two-day public holidays to celebrate eid ul Adha

THE federal government has declared Wednesday, 27th May and Thursday, 28th May, 2026 as public…

4 hours ago

OsunOpenLG Celebrates 2 Years of Transparency, Accountability, and AI-Driven Civic Engagement

PRESS STATEMENT OsunOpenLG at Two: Celebrating Milestones in Local Governance Transparency and Charting the Future…

5 hours ago

2027: First ADC Presidential Candidate Emerges

News Update A faction of the African Democratic Congress (ADC) loyal to the party’s former…

6 hours ago

Trump declares ‘No Dust, No Dollars’ for Iran

THE administration of Donald Trump has declared that Iran will receive no sanctions relief unless…

8 hours ago

Fresh Increases in Cooking Gas Prices Nationwide

THE Nigerian Association of Liquefied Petroleum Gas Marketers, NALPGAM, has raised alarm over the soaring…

12 hours ago