FG signs deal to repatriate $52.88M corruption proceeds from U.S

DAILY NIGERIAN 

The Federal Government and the U.S. Government have signed agreement for the repatriation of not less than 52.88 million dollars forfeited corruption proceeds to Nigeria.

Kimiebi Ebienfa, Acting Spokesperson of the Ministry of Foreign Affairs, disclosed this in a statement on Saturday in Abuja,

Mr Ebienfa stated that the agreement was signed by the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, SAN, and the U.S. Ambassador to Nigeria, Richard Mills Jr.

He further stated that signing of the agreement marked significant shared investment in Nigeria’s development and strengthened partnership between the nations.

According to him the Federal Government of Nigeria and the U.S. Government are pleased to announce an agreement to promptly repatriate approximately 52.88 million dollars in forfeited corruption proceeds.

“These funds were forfeited to the U.S. as part of the Kleptocracy Asset Recovery Initiative of the U.S. Department of Justice…