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Nigeria and U.S. Strengthen Anti-Corruption Efforts With $52.88 Million Asset Return Agreement
The Nigerian government and the United States have finalized an agreement to repatriate over $52.88 million in assets seized from corruption cases. The arrangement was confirmed by Nigeria’s Ministry of Foreign Affairs Acting Spokesperson, Kimiebi Ebienfa, in a statement released on Saturday in Abuja.....KINDLY READ THE FULL STORY HERE▶
The deal was signed by Nigeria’s Attorney-General and Minister of Justice, Lateef Fagbemi, SAN, and U.S. Ambassador to Nigeria, Richard Mills Jr. Ebienfa noted that the agreement reflects the strong partnership between the two countries and their joint commitment to advancing Nigeria’s development.
The repatriated funds stem from assets forfeited through legal action under the U.S. Department of Justice’s Kleptocracy Asset Recovery Initiative. In 2023, the U.S. successfully seized these assets, which include the superyacht Galactica Star and luxury properties in California and New York. The funds were linked to corrupt activities involving money laundering and the alleged bribery of former Nigerian Petroleum Resources Minister Diezani Alison-Madueke.
Ebienfa highlighted Nigeria’s significant role in supporting U.S. investigations that led to the asset recovery. Under the agreement, the funds will be allocated to vital electrification projects in Nigeria and international counter-terrorism efforts. Both governments stressed the need for transparency and proper management of these funds to ensure they benefit the Nigerian people.
The U.S. reiterated its commitment to fighting corruption and financial crimes, while Nigeria reaffirmed its dedication to promoting good governance and accountability. Both nations emphasized the importance of transparency and responsible use of the repatriated assets.
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Abia State Governor, Alex Otti, has reaffirmed his administration’s commitment to partnering with investors to drive development and generate employment opportunities across the state.....KINDLY READ THE FULL STORY HERE▶
The governor made the statement at the Government House in Umuahia during the signing of a Memorandum of Understanding (MoU) for the development of the Aba Commercial Smart City, a project expected to create about 125,000 jobs.
Represented by his Chief of Staff, Caleb Ajagba, Otti said the project would transform Aba and the wider Abia State into a major industrial hub, fostering sustainable economic growth and large-scale job creation upon completion.
He emphasized that his administration prioritises the creation of quality employment over handouts, noting that meaningful jobs remain the most effective way to empower youths and citizens.
The governor also called for sustained public-private sector collaboration in the state’s development, citing the recent achievement of 90 days of uninterrupted power supply in Aba as a product of effective partnership between the government and private investors.
Speaking on the project, the Manager of Technical Services for Aba Commercial Smart City, Mr. David Okoro, disclosed that the development would occupy 140 hectares of land in Osisioma and generate 25,000 direct jobs and 100,000 indirect jobs for residents of Abia State.
Ten inmates of the Old Abeokuta Custodial Centre in Ibara, Ogun State, have secured free admission into Yewa Central College of Education to study various academic programmes.....KINDLY READ THE FULL STORY HERE▶
The beneficiaries, made up of seven males and three females, were admitted into courses including English Language/Social Studies, Economics/Social Studies, Political Science/Social Studies, Business Education, Physical and Health Education, Economics/Political Science, and Economics/Computer Science.
Speaking at a matriculation ceremony held within the correctional facility on Friday, the Provost of the College, Dr. Mary Bamgbose, formally welcomed the inmates into the 2025/2026 academic session and urged them to maintain good conduct.
She described the inmates as reformed and expressed confidence that they could become positive representatives of the institution after regaining their freedom.
“Today, 10 inmates who have been corrected and reformed are being matriculated into Yewa Central College of Education. As you begin this journey on February 6, 2026, I urge you to conduct yourselves properly,” Bamgbose said.
“As God is showing you mercy through this opportunity, I believe you can one day serve as good ambassadors of our college outside this system,” she added.
Speaking on behalf of the new students, Peter Adike expressed gratitude and pledged that, despite their incarceration, they are determined to make the opportunity count.
However, he noted that they still face challenges accessing essential learning resources such as teachers, textbooks, and classroom furniture.
Lagos State Governor, Babajide Sanwo-Olu, has reflected on the lasting legacy of former Nigerian Head of State, General Murtala Ramat Muhammed, describing his leadership as a moral benchmark for public service, fifty years after his death.....KINDLY READ THE FULL STORY HERE▶
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