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US Moves to Repatriate $53m Linked to Diezani

US Moves to Repatriate $53m Linked to Diezani The United States Government and the Federal Republic of Nigeria have signed a memorandum of understanding to repatriate the sum of $53 million stolen funds to Nigeria. The funds were part of funds of the Galactica asset linked...

Former Petroleum Minister, Diezani, Charged to Court over Bribery Allegations

Former Petroleum Minister, Diezani, Charged to Court over Bribery Allegations   Former Minister of Petroleum Resources, Diezani Alison-Madueke, appeared before a UK Court on Monday. The ex-minister, who was charged with receiving bribes in the form of cash, luxury goods, flights on private jets and the use...

INVESTIGATION: Nigerian Recovered Assets Suffering ‘neglect’ After Final Forfeiture

INVESTIGATION: Nigerian Recovered Assets Suffering ‘neglect’ After Final Forfeiture     NEWS DIGEST - This report takes a look at how Nigerian government failed to ensure proper utilization of recovered assets, together with the challenges of poor assets management by anti-graft agencies. Assets recovery is a major activity...

Anti-corruption: Recovered Assets Decay Over Neglect, Poor Management

Anti-corruption: Recovered Assets Decay Over Neglect, Poor Management       The Nigerian government has failed to ensure proper utilization of recovered assets, which is marred by poor assets management by anti-graft agencies, this investigation has revealed. In the fight against corruption, assets recovery is major strategy targeted at...

Between Diezani Alison-Madueke and Kemi Adeosun

Between Diezani Alison-Madueke and Kemi Adeosun By Taiwo Lawrence Adeyemi They are ‘PARADOXES’. The two held Nigeria’s most powerful and juicy political appointments. One was Minister of Petroleum Resources, while the other was Minister of Finance. Enter Nigeria’s most controversially celebrated cabinet women ministers in history;...

Diezani’s N7.6bn Finally Forfeited to Govt by Court Order

A Federal High Court in Lagos has ordered permanent forfeiture of N 7, 644, 700, 000.00 belonging to former Minister of Petroleum Resources, Diezani Alison-Madueke, to the Federal Government. The money which is reasonable suspected to be proceeds of illegal activities was traced by the...