A Nigerian civil society group, Socio-Economic Rights and Accountability Project (SERAP), has called on the President of the United States, Donald Trump (photo), to release the about $500 million worth of assets stashed in the US by late Sani Abacha, a former military dictator.
According to the group, the call is in line with the United Nations Convention against Corruption which was approved by both countries. SERAP in the open letter signed by its US Volunteer Counsel, Alexander Sierck, urge Trump to initiate talks with Nigeria and set a timeline for when the money will be returned.
“SERAP urges your new administration to initiate discussions with the Nigerian government to fulfill these objectives within an agreed framework and timeline. Simultaneously, the administration should instruct the Justice Department to initiate civil asset forfeiture proceedings in regard to the above-referenced $500m in assets,” the letter reads.
In January, the Chairman of the Presidential Advisory Committee against Corruption, Itse Sagay, said Nigeria stands to lose the funds demanded by SERAP (up to $550m). He said the money is different from the previous $480m forfeited to the US following a court judgment.
Anita Fatunji
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...
Carrefour to enter Ghana retail market in 2026 via franchise Shoprite Ghana stores to be rebranded Carrefour from April 2026 Plan includes opening...
(HUAWEI) - Huawei Northern Africa concludes today the Huawei Northern Africa Inclusive Energy Summit 2025 at the Four Seasons Hotel in...
Malawi plans state takeover of majority fuel imports to curb shortages NOCMA to import about 60% of fuel in 2026-27 Private importers remain active...
Ethio Telecom to extend telehealth services to 200 more hospitals Expansion aims to cut costs and improve healthcare access Rollout supported by 4G,...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...
(FEZ–MEKNES REGION) - As AFCON 2025 approaches: the Fez-Meknes region is emerging as one of Morocco’s most strategic tourism hubs, offering strong...