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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.”

ALSO READ: Obasanjo Lauds Adeleke Over Opposition’s Attempts to Thwart Airport Project

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: Shettima Declares Nigeria’s Economy Fixed, Seeks Tinubu’s Re-election

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Vice President Kashim Shettima has declared that Nigeria’s economy has been fixed, insisting that the administration of President Bola Tinubu has overcome the difficult phase of its economic reforms.

Shettima made the declaration on Wednesday during the All Progressives Congress (APC) presidential campaign rally in Lafia, Nasarawa State, where he appealed to Nigerians to support Tinubu’s re-election bid in the 2027 general elections.

According to the Vice President, the administration inherited an economy burdened by fiscal challenges, infrastructure deficits and weakened investor confidence, necessitating difficult but unavoidable reforms.

SEE ALSO: 2027: Shettima Arrives in Lafia to Rally Support for Tinubu’s Re-election

“We inherited an economy burdened by fiscal pressure. We inherited a country with an infrastructure deficit. We inherited a country with weakened investor confidence and structural defects. These problems demanded decisions that no responsible government could postpone. But I come to you to assure you that the worst days are over. We have already fixed our economy,” he said.

Shettima maintained that the government’s economic reforms had strengthened public finances, improved revenue generation and restored investor confidence, while providing additional resources for state governments to pursue development projects.

He said the administration’s Renewed Hope Agenda was designed to encourage domestic production, improve economic opportunities and address structural challenges affecting the country.

The Vice President also defended the government’s infrastructure programme, highlighting major road projects, including the Akwanga–Jos–Bauchi–Gombe–Biu–Maiduguri Superhighway, the Lagos–Calabar Coastal Highway and the Sokoto–Badagry Superhighway.

According to him, the projects will strengthen connections between agricultural and industrial production centres and markets, reduce transportation costs, facilitate trade and create employment opportunities.

Shettima noted that Nasarawa State stands to benefit from improved infrastructure and investments in its agricultural and mineral resources.

He also highlighted the Federal Government’s support for higher education through the Nigerian Education Loan Fund (NELFUND), noting that students from the state have access to financing under the scheme.

The Vice President further recalled President Tinubu’s approval for the conversion of the Federal Polytechnic, Nasarawa, into the Federal University of Mining, Engineering and Technology, describing it as an investment in the technical manpower required to develop Nigeria’s solid minerals sector.

Acknowledging the economic difficulties experienced by Nigerians, Shettima said the government was conscious of the sacrifices associated with its reforms and remained committed to translating their gains into improved living conditions.

He urged Nigerians to give Tinubu another four-year mandate to complete the administration’s development programmes.

“We have promised to connect producers and markets. We have promised to ease movement across regions. We have promised to generate employment. We have promised to diminish costs that burden traders and families. This is what we are doing, and we have come to ask for your support for another term to complete this mission,” he stated.

Shettima also urged APC supporters to reject electoral violence and embrace peaceful political participation ahead of the 2027 elections.

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Atiku Launches 2027 Campaign in Sokoto, Pledges to Tackle Insecurity

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Former Vice President Atiku Abubakar has formally launched his 2027 presidential campaign in Sokoto State, promising to tackle insecurity, address hunger, restore hope to young Nigerians and make the country more affordable if elected president.

Atiku announced the commencement of his campaign in a statement on Wednesday, expressing gratitude to supporters for the rousing reception he received in Sokoto.

He described the state as a historic centre of faith, scholarship and leadership, saying he was honoured to begin his presidential campaign from the North-West state.

SEE ALSO: Atiku Raises Alarm Over Attacks on Sowore, ADC Governorship Candidate, Accuses APC of Intimidation

“Nigerians are tired of hunger, fear, and broken promises. Today, they have a choice, a plan, and a leader ready to deliver,” he said.

The former vice president pledged to end insecurity across Nigerian communities, create renewed opportunities for young people and address the economic difficulties facing households.

“The journey to rescue Nigeria begins here. Together, we will win,” he added.

The campaign launch comes after days of controversy surrounding the ADC’s planned rally in Sokoto, which was initially scheduled for October 31 before being postponed to November 4.

The party had attributed the postponement to planning and coordination considerations, while also alleging that some hotel operators in the state were pressured to deny accommodation to delegates and supporters travelling for the event.

The Sokoto State Government, however, denied directing hotels to reject ADC members and delegates.

Tensions escalated further after the state government sealed an ADC campaign office over a dispute concerning ownership of the property, which officials said belonged to the defunct Savannah Bank.

On Tuesday, Atiku also accused the Department of State Services (DSS) of allegedly recruiting protesters to disrupt the campaign launch and create grounds for imposing a curfew in the state.

He alleged that the planned disruption was intended to frustrate the opposition party’s activities. The allegations have not been independently verified, while the APC rejected claims of involvement in efforts to disrupt the campaign.

Amid the controversy, the ADC initially kept the rally venue secret, citing security concerns.

However, the party later announced that the presidential campaign flag-off would take place at its state secretariat along Ilorin Road, Sokoto.

 

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JUST IN: Peter Obi, Kwankwaso Arrive in Calabar

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Former Anambra State Governor and presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, and his running mate, Rabiu Musa Kwankwaso, have arrived in Calabar, the Cross River State capital, for an engagement with Nigerians.

The two political leaders touched down in the state on Wednesday, November 4, amid heightened political activities and mobilisation by supporters ahead of the 2027 general elections.

Their arrival was announced by their political camp, which described Calabar as the People’s Paradise, while inviting Nigerians to engage with the two leaders.

ALSO READ: Peter Obi Demands Release of Rilwan Olawale, Accuses Tinubu of Undermining Democracy

The visit comes hours after police operatives intervened to prevent a possible confrontation between supporters of the Obi-Kwankwaso movement and members of the All Progressives Congress (APC) in the city.

The incident occurred around a hotel along Murtala Mohammed Highway, close to the U.J. Esuene Stadium, where the NDC had scheduled a presidential town hall meeting featuring Obi and Kwankwaso.

According to reports, hundreds of supporters of the two political camps converged in the area as APC supporters, including members of the Association of Local Governments of Nigeria (ALGON), conducted a street rally and road walk towards the Governor’s Office.

Tension reportedly escalated when both groups met near the hotel, with some Obi-Kwankwaso supporters partially blocking the highway.

Security operatives subsequently separated the groups and diverted the APC supporters to prevent a breakdown of law and order.

Confirming the incident, the Cross River State Police Public Relations Officer, ASP Sunday Eitokpah, said the command intervened through timely engagement with the groups.

He explained that officers appealed to both sides to exercise restraint, maintain peace and ensure their activities were conducted peacefully and in accordance with the law.

A police officer who spoke anonymously also described the intervention as necessary to prevent a possible violent confrontation.

 

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