REVIEW: Unveiling Nigeria’s biggest looters and ‘donors’ from 1999

When the federal government announced on January 10 that the United States of America had returned a whopping $52.88 million to Nigeria from part of the recovered assets linked to a former Minister of Petroleum, Diezani Alison-Madueke, she successfully got into the league of Nigeria’s biggest looters and donors.

The disclosure which 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 US in Abuja, generated a lot of buzz and a further step towards repatriating funds allegedly looted by the former minister despite her denying the crime.

Fagbemi had gone further to explain that $50 million of the assets recovered from Alison-Madueke would be deployed through the World Bank for the development of rural electrification projects, while the remaining $2 million would be used by the International Institute of Justice to expand the justice system and combat corruption.