Nigeria Receives $52.88 Million Recovered Galactica Assets from the USA

The Nigerian government has received $52.88 million in recovered Galactica assets linked to former Minister of Petroleum, Diezani Alison-Madueke, from the United States.

The announcement was made by the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, during the formal signing ceremony of the asset agreement between Nigeria and the United States in Abuja on Friday.

In his remarks, Fagbemi explained that $50 million of the recovered assets will be allocated through the World Bank to fund rural electrification projects, while the remaining $2 million will be directed to the International Institute of Justice to enhance the justice system and combat corruption.