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Alison-Madueke’s Loot: SERAP Writes Trump, Seeks Return Of Stolen Assets, Ban On Corrupt Officials

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The Socio-Economic Rights and Accountability Project (SERAP) has urged US President-elect Donald Trump and his incoming administration “to promptly identify US-based proceeds of corruption traced to former and current Nigerian public officials and their associates and to ensure the full recovery and return of any such stolen assets to Nigeria.”

The SERAP said, “any return of proceeds of corruption from Nigeria must meet strict transparency and accountability standards to ensure the funds are used solely for the benefit of the Nigerian people.”

The SERAP urged him to “direct the US Department of Justice to promptly initiate civil asset forfeiture proceedings against proceeds of corruption traced to former and current Nigerian public officials and their associates so as to fulfill several non-controversial commitments by the US to assist Nigeria in asset recovery matters.”

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The SERAP also urged him “to identify and publish the names of former and current Nigerian public officials suspected to be responsible for corruption and the depositing of its proceeds in US banks, and to apply existing US presidential proclamations to temporarily ban such officials from entering the US.”

In the letter dated 18 January 2025 and signed by SERAP deputy director Kolawole Oluwadare, the organisation said: “Diezani Alison-Madueke’s looted assets and other recently returned assets represent a tiny fraction of the over $500 billions that have been reportedly stolen from Nigeria and located in the US or otherwise subject to US jurisdiction.”

The SERAP said, “Our requests are brought in the public interest, and in keeping with the requirements of the UN Convention against Corruption to which both the US and Nigeria are states parties.”

According to the SERAP, “Proceeds of corruption from Nigeria continue to be deposited in US banks or in other locations subject to US jurisdictions.”

The request followed the recently returned $52.88 million in forfeited corruption proceeds linked to former Petroleum Resources Minister Diezani Alison-Madueke.

The letter, read in part: “We hope you and your incoming government address the legal impediments that have continued to allow corrupt Nigerian government officials to deposit and conceal their ill-gotten assets in the US and other locations subject to US jurisdiction.”

“Returning proceeds of corruption to Nigeria is a development imperative. By returning proceeds of corruption to Nigeria, the US would be contributing to the efforts to address the growing poverty in the country and achieve the Sustainable Development Goals.”

“The US has the obligations under the relevant provisions of the UN Convention against Corruption to trace, freeze and seize proceeds of corruption from Nigeria and located in the US or otherwise subject to US jurisdiction and to return the assets to the Nigerian people.”

“A whole chapter of the Convention is devoted to international cooperation in the recovery and return of stolen assets including from Nigeria (chapter V, comprising 9 articles).”

“SERAP is concerned that corruption remains a major obstacle to sustainable development, the rule of law and the effective enjoyment of socio-economic rights in Nigeria. Implementing the recommended measures would contribute to addressing these governance challenges.

“Corrupt practices have long been accepted as a fact of life and an inalienable part of the country’s ministries, departments and agencies [MDAs] and the governmental power structures across several states.”

“Nigeria’s auditor-general office annually documents widespread and systemic corruption in ministries, departments and agencies (MDAs) including in the petroleum, education, health and water sectors, plunging millions of Nigerians further into poverty. The auditor-general office has declared trillions of naira as missing or diverted.”

“SERAP urges you to promptly share information with relevant Nigerian civil society organizations on stolen assets of Nigerian origin located in the US or otherwise subject to US jurisdiction, as required by Articles 46(4) and 56 of the UN Convention Against Corruption.”

“Imposing a temporary travel ban on former and current Nigerian public officials suspected to be responsible for keeping proceeds of corruption in the US or in locations subject to US jurisdiction would not violate due process and presumption of innocence principles, as long as the reasons for the sanctions are communicated to those that may be affected.”

“According to reports, the U.S. Government and the Federal Government of Nigeria recently announced an agreement to promptly repatriate approximately $52.88 million in forfeited corruption proceeds.”

“These funds were forfeited to the United States as part of the Kleptocracy Asset Recovery Initiative of the U.S. Department of Justice. The forfeited assets had been illegally acquired using funds linked to money laundering and a conspiracy to bribe former Petroleum Resources Minister Diezani Alison-Madueke.”

“In 2007, former Chairman of the Economic and Financial crimes Commission (EFCC) Mallam Nuhu Ribadu alleged that Nigerian politicians stole over $400 billion.  Former military dictator General Sani Abacha reportedly collected truck-loads of cash running into billions of naira from the Central Bank of Nigeria.”

“According to the Stolen Asset Recovery Initiative (StAR) estimates, illicit funds associated with bribes received by public officials from developing and transition countries alone are estimated at USD 20 billion to USD 40 billion per year – a figure equivalent to 20 to 40 percent of flows of official development assistance.”

“SERAP notes that Article 51 of the UN Convention against Corruption provides for the return of ‘corrupt’ assets to countries of origin as a fundamental principle. Article 43 provides likewise.”

“Similarly, under Articles 47(3)(a) and (b) states parties have an obligation to return forfeited or confiscated assets in cases of public corruption, as here, or when the requesting party reasonably establishes either prior ownership or damages to the states.”

“A resolution adopted by the Conference of States Parties to the UN Convention Against Corruption in Panama in November 2013 reaffirms this obligation, by requiring state to make ‘every effort’ to return such proceeds. to the victim state.”

Politics

2027 Showdown Begins as Atiku, Obi, Amaechi, Makinde Unite Against Tinubu

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The battle for Nigeria’s presidency in 2027 has officially gathered momentum as leading opposition figures including former Vice President Atiku Abubakar, former Anambra State governor Peter Obi, former Rivers State governor Rotimi Amaechi, and Oyo State governor Seyi Makinde intensified moves aimed at challenging President Bola Ahmed Tinubu and the ruling All Progressives Congress (APC).

The opposition leaders made major political declarations on Thursday, unveiling plans, alliances, and presidential ambitions that could reshape the country’s political landscape ahead of the next general election.

SEE ALSO: 2027: Kwankwasiyya Movement Fires Warning Shot Over Attacks on Kwankwaso

Atiku Abubakar, now contesting under the African Democratic Congress (ADC), submitted his presidential nomination form at the party’s national secretariat in Abuja, describing his ambition as part of a broader mission to rescue Nigeria from hardship and despair.

According to the former vice president, Nigerians must unite beyond ethnic and religious divisions to restore prosperity and rebuild confidence in governance.

“This is more than a political journey; it is a national movement rooted in hope, renewal, and the collective resolve to save Nigeria from despair,” Atiku said.

Former Minister of Transportation, Rotimi Amaechi, who also submitted his nomination form under the ADC, launched a scathing criticism of the APC-led administration, blaming the “Emilokan” ideology for the economic suffering currently facing Nigerians.

Amaechi argued that leadership should be based on competence and performance rather than tribal, regional, or religious sentiments.

“It is Emilokan that brought us here. Nigerians are suffering,” he declared while addressing supporters in Abuja.

The former Rivers governor further questioned the APC’s push for another term, insisting the current administration had failed to improve the welfare of Nigerians.

Meanwhile, Peter Obi disclosed that he would spend only one term in office if elected president in 2027.

Speaking during an interview on News Central TV, the former Labour Party presidential candidate stated that he had no intention of remaining in power beyond four years.

“I want to be a one-term president because of stability. I will not stay a day longer than four years,” Obi stated.

He also criticised the country’s worsening economic conditions, rising debt profile, and increasing hardship under the current administration.

In Ibadan, Governor Seyi Makinde formally declared his presidential ambition under a new political alliance involving the Peoples Democratic Party (PDP) and the Allied Peoples’ Movement (APM).

Makinde announced the launch of the “Reset Nigeria Movement,” which he described as the beginning of a wider opposition coalition determined to offer Nigerians a credible alternative in 2027.

The Oyo governor accused the ruling party of weakening democracy and attempting to turn Nigeria into a one-party state.

“The economic and security situations continue to worsen, forcing Nigerians into survival mode,” Makinde said during a mega rally at Mapo Hall.

He urged opposition parties and ordinary citizens to unite in order to rescue the country from worsening insecurity, poverty, and economic hardship.

 

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“The Match Ended 14-0” — Wike’s Critics Now in APC, Says Bauchi PDP Aspirant

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A Peoples Democratic Party (PDP) governorship aspirant in Bauchi State, Alhaji Usman Adamu, has come to the defence of the Minister of the Federal Capital Territory, Nyesom Wike, saying most of those accusing him of working for the All Progressives Congress (APC) have now joined the ruling party themselves.

Adamu made the remarks in Abuja while submitting his nomination forms for the Bauchi governorship race ahead of the 2027 elections.

The PDP aspirant dismissed claims that Wike was secretly backing the APC, arguing that many of the minister’s critics had already defected to the ruling party.

SEE ALSO: “PDP Can’t Unseat Tinubu with Wike in Charge” — Ulasi Blows Hot, Threatens Exit

“About 85 per cent of those accusing him have already officially decamped to the APC. Who is working for APC?” he asked.

Praising Wike’s political strength and influence within the PDP, Adamu compared the minister’s political survival to a football match where one player defeated several opponents.

“Before, about 14 governors ganged up against one person. Gradually, one after the other, you were scoring one, two. I have never seen such a scorer. In the end, the match ended 14-0. I am thanking Wike,” he said.

According to him, politics is like a battlefield that requires strategy, leadership and strong fighters to secure victory.

Turning to his governorship ambition, Adamu described himself as a unifying figure capable of bridging the gap between youths, women and elders in Bauchi State.

“I am not too old and neither too young to be a leader in this country. I will be the bridge between the women, youths and elders,” he stated.

On regional politics in the state, Adamu said he does not belong to either of the dominant blocs, stressing that he would stand as a neutral force for unity.

“We have a dichotomy in the state that is called Bauchi-Kataokum. I don’t belong to Bauchi, I don’t belong to Kataokum. I will be in the middle of this place,” he added.

The PDP governorship hopeful also expressed confidence in his chances of winning the election, even if the incumbent governor supports another candidate.

“Power and authority belongs to God and only Him can decide the future with certainty. Bauchi people are very wise and they can choose what they want for themselves,” he said.

Adamu further dismissed reports suggesting the PDP was losing relevance in Bauchi State due to internal crises and defections.

“As far as I am concerned, there is one party here, which is PDP. PDP has its stronghold in Bauchi. Most of the people of Bauchi are PDP and you cannot change them from that position,” he declared.

He also questioned the legitimacy of rival factions within the party, insisting that only leaders recognised by the Independent National Electoral Commission (INEC) should be taken seriously.

Despite ongoing tensions within the opposition party, Adamu maintained that the PDP would emerge stronger after its primaries and remain a major political force in Bauchi State.

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Borno Female APC Aspirant Blasts System as Men Head Women Affairs Committee

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A female aspirant under the All Progressives Congress in Borno State, Yakaka Alkali, has criticised the continued dominance of men in positions meant to advocate for women, describing it as a reflection of the low participation of women in politics.

Alkali, who is contesting for the Borno State House of Assembly seat representing Magumeri Local Government Area, said the current situation where a man heads the House Committee on Women Affairs in the state highlights the urgent need for more women to participate in governance.

SEE ALSO: Rivers 2027: APC Stakeholders Move to Secure Fubara’s Second Term

Speaking in Maiduguri on Sunday, the APC aspirant said her decision to join the race was driven by her passion to serve her people, protect the interests of women and children, and promote gender balance in the state assembly.

“Let me tell you, the current Chairman of the House Committee on Women Affairs is a man because of the absence of women. So, if women like myself are encouraged to participate, we will fill these gaps,” she said.

According to Alkali, there are three contenders battling for the APC ticket, including the current lawmaker seeking re-election and another male aspirant.

“My aspiration is motivated by my passion, sincerity, and dedication to serving my people. I am confident that I will emerge victorious,” she stated.
The 45-year-old politician also applauded Babagana Zulum for supporting women’s inclusion in politics and governance, saying his administration understands the importance of female representation.

She further commended the APC for reducing the cost of nomination and expression of interest forms for women and persons living with disabilities.

“The actual fee is N5 million, but it was reduced to N2.5 million for women and people with disabilities. That shows the party is trying to encourage inclusion,” she explained.

Alkali also called for more awareness and political education for women, stressing that many women are willing to participate in politics but lack guidance and support.

“Women are caregivers and their experiences are important in shaping policies on education, security, and development. Usually, women want to participate, but many are afraid because they do not know how to begin,” she added.

She expressed optimism that increased support and encouragement would help create better gender balance in Nigeria’s political space.

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