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US to return R1 billion in assets confiscated by former Nigerian oil minister
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Alison-Madueke, whose whereabouts are unclear but who was last known to be in Britain, has previously denied corruption allegations against her.
She was a minister under former President Goodluck Jonathan from 2010 to May 2015.
The funds will be used to support rural electrification projects through the World Bank, with $50 million (959.1 million rand) allocated to increase access to renewable energy, Fagbemi said.
The remaining $2.88 million (R55.2 million) will be disbursed as a grant from Nigeria to the International Institute of Justice to support counter-terrorism capacity in Africa, he said.
In October 2022, a Nigerian court ordered the final seizure of two properties and cars owned by Alison-Madueke.
US to return R1 billion in assets confiscated by former Nigerian oil minister
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US to return R1 billion in assets confiscated by former Nigerian oil minister
