Featured
Diezani Allison-Madueke, others forfeit $53m to US govt
The US department of justice has announced the final resolution of two civil cases seeking the forfeiture of the luxury assets that were laundered in and through the country in a case involving Diezani Alison-Madueke, former minister of petroleum resources, and her associates.
Diezani’s associates who were named in the forfeiture case are Kola Aluko, a Nigerian businessman, and Jide Omokore, chairman of Atlantic Energy Drilling Concepts Nigeria Limited. The department said the forfeited assets were the “proceeds of foreign corruption offenses”.
“With the conclusion of the cases, the department has recovered roughly $53.1 million in cash – constituting the net liquidated value of the defendant’s assets – plus a promissory note with a principal value of $16 million,” the U.S. Justice department said in a statement.
-
Comments and Issues3 days agoCan President Tinubu Revive Nigeria’s Moribund Refineries?
-
Business4 days agoTinubu knocks Atiku’s subsidy plan, says proposal shows ‘ignorance’ of economy
-
Business3 days agoTikTok, ByteDance agree to $400m settlement in US children’s privacy case
-
Entertainment6 days agoPoco Lee faces rape allegation as unverified UK arrest report spreads online
-
Latest7 days agoTinubu files: US Judge grants four-day extension in FOIA disclosure battle
-
Featured7 days agoBeyond Osun 2026: What Adeleke’s re-election reveals about Nigeria’s road to 2027
-
Featured4 days agoEconomic Reality vs Party Machinery: What will drive Nigeria’s 2027 election?
-
Football4 days agoEPL 2026/27: Experts back Arsenal for title as Haaland, Rice lead individual award picks