FG to Expend $50 Million of Loot Allegedly Recovered from Diezani on Rural Electrification – THISDAYLIVE

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Alex Enumah in Abuja

The federal government has said about $50 million out of the $52.88 million repatriated from the United States of America (USA) would be used to support Rural Electrification Projects in the country.
The Attorney-General of the Federation (AGF) and Minister of Justice, Mr. Lateef Fagbemi, made the disclosure yesterday, in Abuja, during the formal signing ceremony of the Asset Return Agreement between Nigeria and the USA.

The said assets were linked to a former Petroleum Resources Minister, Mrs. Diezani Alison-Madueke and her associates (the Galactica Assets).
Signing on behalf of Nigeria, Fagbemi observed that the deployment of the fund would increase the reliability and availability of renewable energy in Nigeria.

Besides, the minister described the signing of the agreement as a significant affirmation of the resolve of President Bola Ahmed Tinubu, to build a Nigeria free from the shackles of corruption, and to ensure available resources…



Source: Thisday Newspaper