U.S. to Seize U.S.$144 Million in Stolen Nigerian Oil Assets

The U.S. Department of Justice (DOJ) has announced plans to recover approximately U.S.$144 million in assets from Nigerian oil executives following alleged corruption. According to the complaint that sparked the DOJ's decision, from 2011 to 2015, Nigerian businessmen Kolawole Akanni Aluko and Olajide Omokore conspired with others to pay bribes to former Minister for Petroleum Resources, Diezani Alison-Madueke, who oversaw Nigeria's state-owned oil company. The assets include a $50 million condominium "located in one of Manhattan's most expensive buildings" and an $80 million yacht, according to the DOJ statement.

Former Petroleum Miniister, Diezani Allison-Madueke (file photo).

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