💨 Abstract

The United States and Nigeria have signed an agreement to repatriate $52.88 million in assets forfeited from former oil minister Diezani Alison-Madueke and her associates. This is the first such repatriation of assets linked to Alison-Madueke outside West Africa. The funds, seized due to bribery allegations, will be used for rural electrification projects and counter-terrorism capacity across Africa.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖