By Miracle Ogunde
The sum of $50m out of the $52.88m recovered Galactica assets, linked to a former Minister of Petroleum Diezani Alison-Madueke from the USA, will be deployed through the World Bank for the rural electrification project.
This was revealed at the formal signing ceremony of the asset agreement between Nigeria and the United States of America in Abuja on Friday.
According to Channels, the Attorney-General of the Federation and Minister of Justice Lateef Fagbemi, explained that the remaining $2m will be deployed to the International Institute of Justice to expand the Justice system and also counter corruption.
Fagbemi noted that the asset return marks a milestone in the ongoing collaboration between nigeria and the United States in combating corruption and upholding the rule of law
He said the event is also a significant effort by President Bola Tinubu to address the issue of corruption.
In his remarks, the United States Ambassador to Nigeria Richard Mills called for the monitoring and utilization of the recovered assets for the benefit of Nigerians.
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