U.S. Agrees to Share $52.8 Million in Forfeited Corruption Proceeds with Nigeria

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Friday, January 17, 2025

Author:

Bruce Zagaris

Volume:

41

Issue:

2

Abstract:

On January 10, 2025, the U.S. Department of Justice (DOJ) and the Nigerian Ministry of Foreign Affairs signed an agreement, [1]in which the U.S. agreed to transfer approximately $52.88 million in forfeited assets to the Federal Republic of Nigeria in recognition of Nigeria’s help to the DOJ in an investigation into corruption in the Nigerian oil industry.[2]