News
‘Why US Demands Commitments When Repatriating Stolen Funds’
The United States Government has said that it pushes for commitment when repatriating to countries looted funds in its domain to ensure transparency and accountability and strengthen anti-corruption prevention.
It said it was for this reason the agreements signed during the release of the funds often include the specified use of the funds, as observed in the August 23, 2022 and 2020 agreements with Nigeria.
The latest agreement indicated that the $23million recently transferred to the Federal Government, which would be administered by the Nigeria Sovereign Investment Authority (NSIA), would help in financing the Second Niger Bridge, Lagos–Ibadan Expressway and the Abuja-Kano Road.
The US has in recent years returned to Nigeria $334.7million, including the $311.7million returned in 2020, stolen by former Head of State, late Gen. SaniAbacha.
The US Department of State’s Coordinator of Global Anti-Corruption, Richard Nephew, in his response to our correspondent’s enquiries as part of his maiden press briefing recently noted that the US would continue to work aggressively to prosecute money launderers and their facilitators for the benefit of the people harmed by corruption around the world.
He stated, “When negotiating these agreements, the United States, led by my counterparts in the Department of Justice, pushes for commitments by countries to strengthen anti-corruption prevention and legal frameworks, enhance enforcement efforts through effective investigation and prosecution, and ensure transparency and accountability in asset return.
“With respect to the agreement signed on August 23, the United States transferred 100per cent of the net forfeited assets totalling approximately $23million to the Federal Republic of Nigeria to support three critical infrastructure projects in Nigeria that were previously authorised by Nigerian President, MuhammaduBuhari, and the Nigerian legislature”.
He noted that important safeguards were inserted in the agreements to ensure transparency.
Nephew added, “The August 23 agreement is consistent with the approach taken in the agreement signed in 2020 by the US Department of Justice and the governments of the Bailiwick of Jersey and Nigeria, through which approximately $311million in stolen assets linked to SaniAbacha’s embezzlement schemes were recovered.
“Both agreements are comprehensive in that they include specified uses of the funds but also important safeguards to ensure transparency and accountability, including administration of the funds and projects by the Nigeria Sovereign Investment Authority, financial review by an independent auditor, and monitoring by an independent civil society organisation with expertise in engineering and other areas.”
Meanwhile, Nephew pointed out that since the United States launched the Kleptocracy Asset Recovery Initiative in 2010, the Department of Justice had filed cases in court to confiscate over $3.4billion in corruption proceeds, confiscated over $1.7billion of the assets and returned or assisted in the return of over $1.6billion to the economies from which the money was stolen.
He noted that Nigeria and some other countries owned a significant amount of the sum.
He added, “Importantly, this is an aggregate amount from a variety of countries. A significant portion of these assets have involved criminal proceeds linked to Nigeria, but also Malaysia, Ukraine, and several other countries involving smaller amounts like the Philippines, the Republic of Korea, Taiwan, Armenia, Equatorial Guinea, Panama, Canada, and Peru.”
He noted that there was no silver bullet to solve corruption, but that without a strong legal system to enforce laws, investigate and prosecute corrupt actors consistently, and without systems to enforce transparent processes around public procurements or hiring within the public sector, corruption often flourished.
News
Fubara Seeks Media Support Towards Rivers Dev …Commends National Network For Vibrancy
The Rivers State Government has called on the media to support its efforts towards the promotion of good governance and development of the State.
The State Governor, Sir Siminalayi Fubara, made the call during the 21st anniversary celebration of The National Network newspaper in Port Harcourt, last Wednesday.
The governor, represented by the Permanent Secretary, Rivers State Ministry of Information and Communications, Dr Honour Sirawoo, urged the media to be responsible in its reportage, and contribute towards the growth and development of the State.
He said the government relies on the media to tell the story and enlighten the people on the activities of the government, promote good governance in the society, while at the same time playing the role of a watchdog.
He also urged the media to ensure clarity, honesty and transparency in the discharge of it functions.
Speaking on the theme of the anniversary, “Media Governance and Public Good, 21 Years of National Network in Shaping Civic Participation”, the governor commended the National Network newspaper for its vibrancy and consistency in contributing to the state democratic landscape.
He noted that the media outfit has emerged as one of the strongest pillars in the growth and development of the State.
The Chairman of the anniversary celebration and former Commissioner for Information and Communications in the State, Pastor Paulinus Nsirim, also commended the staff and management of the National Network for their resilience, and for remaining professional in the last 21 years.
He particularly praised the publisher of the newspaper, Pastor Jerry Needam, for demonstrating professionalism in the discharge of his duties, urging him to sustain the tempo.
In his remarks, the Editor-In-Chief of the National Network, Dr Chris Okonkwo, said for the past 21 years, the newspaper has maintained its constant presence in the newsstand, and also contributed so much towards the improvement of the society despite the economic downturn in the country.
According to him, “we are celebrating 21 years of uninterrupted presence in the newsstand despite the economic downturn and paucity of funds.”
He commended the state government for its support to the newspaper over the years, adding that the celebration was also a victory over police harassment.
The highpoint of the anniversary was the presentation of awards to some individuals for their contributions towards the growth of the media.
News
Troops Rescue 12 Abducted Teenage Girls In Borno
Troops of Operation Hadin Kai have rescued 12 teenage girls abducted by Boko Haram/ISWAP terrorists in Mussa District of Askira/Uba Local Government Area of Borno State.
In a statement posted on its official Facebook page, yesterday, the Nigerian Army said the victims who were rescued on Saturday, had been evacuated to a secure facility where they are receiving comprehensive medical care, psychological support and debriefing.
“Upon completion of these processes, they will be formally reunited with their families. Their recovery has brought immense relief to the community, which had been gripped by fear following the abduction,” it added.
The statement read, “The Nigerian Army has successfully rescued 12 teenage girls abducted by Boko Haram/ISWAP terrorists in Mussa District of Askira/Uba Local Government Area, Borno State.”
According to the statement, the victims, aged between 15 and 20, were kidnapped on 23 November while harvesting crops on their family farmlands.
They were freed on Saturday, 29 November, following a swift, intelligence-led operation by troops of Operation HADIN KAI in the southern Borno axis, it noted.
The statement listed the rescued victims as: Fatima Shaibu (17), Fatima Umaru (15), Hauwa Abubakar (18), Saliha Muhammed (15), Sadiya Umaru (17), Amira Babel (15), Zara Adamu (17), Nana Shaibu (15), Zainab Musa (18), Zainab Muhammed (17), Jamila Saidu (15) and Hauwa Hamidu (17).
It further stated that the military high command commended the doggedness of the troops for their swift response, and acknowledged the crucial support of security stakeholders and local informants whose timely intelligence enabled the successful rescue.
“Troops continue to pursue ISWAP remnants across southern Borno to prevent further attacks and safeguard civilians.”
“The Nigerian Army calls on communities to continue supporting ongoing operations by providing credible and timely information, emphasising that collaborative efforts are essential to defeating terrorism and ensuring lasting security,” the statement concluded.
News
NELFUND Disburses N140bn Loan To 788,947 Students
The Nigerian Education Loan Fund (NELFUND) said it has disbursed N140.9 billion in student loans to beneficiaries since the scheme’s portal was launched on May 24, 2024.
According to the Daily Status Report released yesterday via its official X handle, NELFUND has received 1,193,228 applications, of which 788,947 students have benefited from the programme.
As of November 12, 2025, the report shows 35,773 new successful applications for the week and 3,367 on that day, representing a 0.3% increase in new applications from the previous day.
NELFUND said it has paid N140,884,471,740 to 262 institutions as tuition fees, including N88,947,000 as institutional fees and N53,776,000,000 in upkeep allowances.
The fund plans to extend its student loan scheme to cover vocational and skills acquisition programmes.
The Managing Director of NELFUND, Akintunde Sawyerr, disclosed this in an interview with the News Agency of Nigeria in Abuja, saying the extension aligns with the Federal Government’s broader education and skills development agenda.
He added that the move reflects President Bola Tinubu’s commitment to inclusive human capital development beyond traditional university education.
According to Sawyerr, Nigeria’s next phase of development requires a balance between academic and technical competence.
“At NELFUND, we have a mandate to also support vocational skills.
“We have not started yet, but I know that the President Bola Tinubu administration has ensured that there is full coverage around the skills issue,” he said.
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