The recovered funds linked to Diezani Alison-Madueke, amounting to nearly $52.9 million, are set to fund rural electrification projects in Nigeria and mark a significant anti-corruption step.
Nigerian Justice Minister Lateef Fagbemi emphasized that these recovered funds exemplify the commitment of both nations to fighting corruption and promoting governance integrity and accountability.
This asset return agreement is pivotal as it signals the first repatriation of funds associated with Diezani Alison-Madueke, showcasing international cooperation against corruption.
The lawsuit unveiled allegations that between 2011 and 2015, Alison-Madueke conspired to steer lucrative contracts towards businessmen who bribed her, revealing the deep-seated corruption in Nigeria's oil sector.
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