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JUST IN: Nigeria, US Sign Agreement To Return $954,000 Alamieyeseigha Loot

Nigeria and the United States on Thursday signed an agreement for the repatriation of $954,000 which formed part of looted assets recovered from the late former Governor of Bayelsa State, Diepreye Alamieyeseigha.


The Solicitor General of the Federation and Permanent Secretary, Federal Ministry of Justice, Mrs. Beatrice Jedy-Agba signed for Nigeria, while the US Ambassador to Nigeria, Mary Beth Leonard signed for her country.


Speaking at the event held at the Federal Ministry of Justice, Abuja, Mrs. Jedy-Agba said President Muhammadu Buhari has directed that the repatriated funds should be deployed to the improvement of health facilities in Bayelsa State.
She said the $954000 was derived from property and investment funds in Maryland and Massachusetts in the US, in which Alamieyeseigha deployed some of the funds he looted while in office.

About Editor

Otunba Sayo Akintola is a 1992 graduate of Linguistics from the University of Ibadan, Oyo State. He holds a post-graduate diploma in Financial Management and MBA from Abubakar Tafawa Balewa University, Bauchi. He started his 12-year sojourn in journalism at the Nigerian Tribune in 1993 as Business and Economy reporter. He rose through the ranks to become the Group Business Editor of the nation’s oldest surviving private national newspaper, the Nigerian Tribune. He set up World Street Journal magazine in 2018.

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