US To Seize $140m From Nigerian Oil Executives In The US

According to a report by Vanguard, the US officials said Friday they plan to confiscate $144 million in corruption-tainted assets of Nigerian oil executives found in the United States including an $80 million yacht the “Galactica Star.”

The yacht and a $50 million condominium overlooking New York’s famed Central Park were among the riches tied to dirty contracts awarded by Nigeria’s former oil minister between 2011 and 2015, the US Justice Department said statement. “The United States is not a safe haven for the proceeds of corruption,” acting Assistant Attorney General Kenneth Blanco said.

“Corrupt foreign officials and business executives should make no mistake: if illicit funds are within the reach of the United States, we will seek to forfeit them and to return them to the victims from whom they were stolen.” The assets were purchased using proceeds of oil sector contracts awarded by Nigeria’s former minister for petroleum resources, Diezani Alison-Madueke, who oversaw the state oil company, according to the Justice Department.

Now I don’t want to go into too much details but let’s pause for a minute to examine some facts:

* The United States launched a website few days ago to assist Nigeria in fighting corruption and less than a week,  the US had received reports by Nigerians as it  claimed on the day the site was launched. Then investigate those reports and now arrived at this conclusion.

* The US has in many cases including the launching of a website to help fight corruption in Nigeria indicates that the country is a safe heaven.

* Now, how did the money gets into the country, there was no explanation to that in details

* The US is blaming everyone, never accept responsibility for anything.


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