Connect with us

Headlines

Recovered Diezani Loot to Be Spent on Rural Electrification – FG

Published

on

The Federal Government of Nigeria has announced that millions in recovered funds linked to former Petroleum Resources Minister Diezani Alison-Madueke will be used to fund rural electrification projects across Nigeria. The announcement followed the signing of an Asset Return Agreement between Nigeria and the United States, which enables the US to return nearly $52.9 million (€51.6 million) seized from the forfeiture of assets belonging to the former minister and her associates.

The agreement is significant in that it is the first repatriation of assets to Nigeria linked to Alison-Madueke. She was Nigeria’s oil minister from 2010 to 2015 and became the first female president of the oil alliance OPEC.

Nigerian Justice Minister Lateef Fagbemi said the recovered funds were an example of the countries’ unwavering commitment to fighting corruption. He added that “it also signifies the commitment of the United States of America to facilitating restitution and supporting integrity and accountability in governance.”

Lucrative contracts

In 2017, a civil complaint filed by the US Department of Justice requested the recovery of over $100 million (€97 million) in assets suspected of being obtained through bribes to the former minister for petroleum resources. The lawsuit alleged that between 2011 and 2015, two Nigerian businessmen conspired with others to bribe the former oil minister, who oversaw the country’s state-owned oil company NNPC Ltd. In return, the minister is said to have used her position in office to steer lucrative oil contracts to companies owned by the two businessmen.

According to court documents, proceeds from those illicitly obtained contracts were laundered through the United States and used to buy various assets via shell companies, including luxury properties in California and New York, as well as a 65-meter (214.5-foot) superyacht.

Alison-Madueke, who was Minister of Petroleum resources during the presidency of Goodluck Jonathan, has denied allegations of corruption. However, Nigeria’s anti–graft agency has obtained court orders to seize houses, cars and jewelry in Nigeria, which it claims were proceeds of corruption connected to the former minister and her associates, according to the Associated Press.

Corruption challenge

Despite a projected economic growth rate of 3.7% in 2024, according to the African Development Bank, most countries continue to grapple with extreme poverty. As of 2024, an estimated 464 million people in Sub-Saharan Africa alone live in extreme poverty, according to the World Bank. The economic situation is the result of decades of severe underfunding in critical public sectors, exacerbated by corruption and illicit financial flows which siphon public funds and resources away from citizens.

Nigeria is rife with corruption. A 2023 report by the country’s statistics agency, NBS, ranked corruption as the fourth-most significant problem affecting the country. Following shortly after, were other challenges including high living costs and rampant unemployment. In 2023 alone, about N721 billion (€451 million) was paid in cash bribes to public officials in the country.

Analysts are quick to point out that corruption could cost Nigeria up to 37 percent of its gross domestic product by 2030 if it is not adequately tackled.

Nigerian Justice Minister Lateef Fagbemi mentioned that diplomatic efforts such as the agreement between the United States and Nigeria highlight the “importance of international cooperation in addressing the global scourge of corruption, which is also linked to trans-border crimes.” He also pointed out that it “underscores the obligations and commitments enshrined in the United Nations Convention against Corruption (UNCAC) and the Proceeds of Crime (Recovery and Management) Act , which guide our collective efforts to ensure that stolen assets are returned and used for the benefit of our citizens.”

Funds bring light to rural communities

Nigeria has the world’s largest deficit when it comes to access to electricity, according to the World Bank, with 45% of Nigerians cut off from power. An even grimmer disparity exists between urban and rural areas. Only 26 percent of rural Nigeria is connected to the electricity grid.

Since President Bola Tinubu assumed office in May 2023, he has taken on various initiatives aimed at bridging the electricity gap and introducing economic activities in rural communities. Earlier last December, German President Frank-Walter Steinmeier made a state visit to Nigeria to bolster energy ties between the two countries.

Justice Minister Fagbemi said the recovered funds would be used to support rural electrification through the World Bank, with $50 million earmarked for improving access to renewable energy in Nigeria’s rural communities.

Fagbemi said the remaining nearly $2.9 million would be disbursed as a grant by Nigeria to the International Institute for Justice to support counterterrorism measures across Africa.

The justice minister said measures had been put in place to ensure that the returned funds are not only disbursed but also “utilized transparently and accountably by the World Bank and IIJ, with periodic reports to be forwarded to Nigeria and the US on the implementation of the projects.”

Agency Report

Continue Reading
Advertisement


Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Headlines

Heartbreak As Congo Ends Super Eagles 2026 World Cup Dreams

Published

on

The Super Eagles’ 2026 World Cup dream suffered a major blow on Sunday as DR Congo advanced to the intercontinental playoff following a dramatic penalty shootout at the Prince Moulay Abdellah Stadium in Rabat.

Nigeria’s hopes of qualifying ended in heartbreaking fashion, marking the second consecutive year the Super Eagles will miss out on the world stage.

The match ended 1–1 after 120 minutes of regulation and extra time, sending the high-stakes encounter to penalties.

Nigeria initially went ahead through Frank Onyeka in the third minute, but DR Congo equalised in the 32nd minute through M. Elia.

Extra time saw both teams create chances, with Tolu Arokodare missing a header for Nigeria and Nwabali making a crucial save from a DR Congo free kick, but neither side could break the deadlock.

The tension continued into the penalty shootout.

Nigeria’s Calvin Bassey and Moses Simon missed early chances, while Nwabali denied DR Congo’s first penalty.

Akor Adams kept the Super Eagles alive, but DR Congo struck back through Sadique and later scored the decisive fourth penalty, leaving Nigeria trailing 4–3 in the shootout.

The victory sets up DR Congo for a chance to secure one of the final World Cup tickets to the expanded 48-team tournament in the United States, Canada, and Mexico.

Nigeria’s defeat marked the second consecutive year the Super Eagles will miss out on the world stage.

Both teams had earned their places in the final after dramatic semi-finals.

Nigeria had booked their place in the final with a dramatic 4–1 extra-time win over Gabon in Thursday’s semi-final at the Moulay El Hassan Stadium.

DR Congo also advanced with a 1–0 victory over Cameroon at the Al Barid Stadium the same evening.

The Leopards now await their intercontinental playoff opponent, keeping alive their hopes of reaching the 2026 World Cup, while the Super Eagles’ campaign comes to an agonising end in Rabat.

Continue Reading

Headlines

Just In: PDP Expels Wike, Anyanwu, Fayose, Others

Published

on

The Peoples Democratic Party (PDP) has expelled Minister of the Federal Capital Territory (FCT) Nyesom Wike, its suspended National Secretary, Samuel Anyanwu, and former Governor of Ekiti State, Ayo Fayose.

Their expulsion was announced on Saturday at the party’s National Convention in Ibadan, Oyo State.

Continue Reading

Headlines

Trump Didn’t Lie, There’s Christian Genocide in Nigeria, PFN Insists

Published

on

The Pentecostal Fellowship of Nigeria (PFN) has insisted that there is Christian genocide ongoing in Nigeria, hence demanding end to the alleged Christian killings.

Speaking on Thursday  after an emergency executive meeting of the Fellowship held at its national headquarters in Lagos, PFN President, Bishop Francis Wale Oke, said the body would no longer remain silent while Christians are “targeted, killed, raped, and displaced” across the country.

He said: “There is Christian genocide going on in Nigeria. If we call it by any other name, it will bring Nigeria down. We are crying out to our international friends, beginning with America and Donald Trump. Whatever you can do to help our government put an end to it, come quickly and get it done. When on Christmas Day, Christmas Day was turned a bloody day in Benue State, and hundreds were massacred. And we are to be conducting mass funerals when we are not in open conflict. What do you call that? And this is different from individual cases.

“Let us call a spade a spade. There is Christian genocide ongoing in Nigeria,”Bishop Oke declared.

“Even while we speak, killings are still taking place in Borno, Plateau, and Benue states. When 501 Christians were massacred in Dogon Noma in Plateau, what do we call that? When Christmas Day turned into a bloody day in Benue, with hundreds massacred, what name should we give it?

While noting that the United States President Donald Trump spoke the truth, the PRN President cited the case of Leah Sharibu who was abducted alongside other Chibok girls and has since remained in captivity.

“Like the case of Leah Sharibu. Where is Leah Sharibu? Like the case of Deborah that was lynched and burned alive in Sokoto? What about that? And several of our girls were kidnapped and forced, given out as wives by force without the consent of their parents and their Christian parents. And the Christian parents would not see them for years.And this has been going on. We have been talking and we are not taking it seriously. And it has been going on again and again, until Donald Trump now spoke. And Donald Trump spoke the truth. There is Christian genocide going on in Nigeria.

“Like you will have picked in the news, even since this narrative began, killing was still going on in Borno, in Plateau, in Benue, up until yesterday. What are we saying? When 501 Christians were massacred in Dogonaya in Plateau State, what do we call that? And for no offense other than they are Christians.”

Oke recalled that the Christian community had repeatedly called the attention of the government to the alleged genocide with no decisive action from the authority.

The cleric expressed his backing for President Trump’s intervention, adding that Trump only echoed what Nigerian Christians had been saying for year

“I was part of the team that went to see the immediate past President, Muhammadu Buhari. We spoke very strongly about this and the President listened to us, but he completely ignored the main issue we came for, If we came and spoke with such vehemence, with such passion, and then you pick the peripheral matter and left this matter alone, I knew that day that his government was complicit in what was going on,” he added.

Oke alleged that the killings across parts of Nigeria were systematic and targeted on Christians, lamenting that the killings had continued unchecked despite repeated appeals from the Church.

“The evidence is all over the place. There is nothing anybody can say that can whitewash it. It is evil, it is blood shedding, it is mass murder and it is genocide. The time to stop it is now. That is what the church in Nigeria is saying with one voice.

“Christians in this nation must be free to practice their faith in any part of Nigeria as bona fide citizens of Nigeria.

“These armed bandits, Fulani herdsmen, Boko Haram, ISWAP, all of them using Islam as a cover. We have been living in peace with our Muslim brothers for a long, until this violent Islamic sect came up with an intent to make sure they impose Sharia on all Nigerians,” Oke said.

Bishop Oke called on President Bola Tinubu to decisively  overhaul the nation’s security architecture, and ensure justice for victims of religious violence. He questioned why those responsible for notorious attacks—such as the killing of Deborah Samuel in Sokoto and the abduction of Leah Sharibu and the Chibok schoolgirls—remain unpunished.

“The government should prove by action, not words, that it is not complicit,” he said. “When hundreds are buried in mass graves and the whole world sees it, who can deny it? Why should we play politics with the blood of Nigerians?”

The PFN urged President Tinubu’s administration to rebuild trust by ensuring that the security architecture of the country is not infiltrated by those sympathetic to extremist ideologies.

Oke further condemned the government’s rehabilitation of so-called “repentant terrorists,” describing the move as a grave security.

He assured Christians that the PFN would continue to speak out until the killings stop. “We are not going to keep quiet. We will keep raising our voices until justice is done and every Nigerian, regardless of faith, can live in peace. The truth may be suppressed for a time, but it cannot be buried forever,” he said.

The meeting, which drew PFN leaders from across the country, reaffirmed the body’s commitment to national unity, peace, and the protection of fundamental human rights, while urging the media to “side with the oppressed” and report the truth without fear or bias.

Continue Reading