The Civil Society Legislative Advocacy Centre (CISLAC) has applauded the repatriation of $52.88 million in recovered assets linked to former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke.
The funds, returned by the United States government, mark a significant milestone in international asset recovery efforts between Nigeria and the US.
In a statement issued by CISLAC’s Executive Director, Auwal Rafsanjani, the organisation highlighted the need for transparent and accountable management of the recovered funds.
Rafsanjani emphasized that the funds should be used to improve the lives of Nigerians and address pressing socio-economic challenges.
The federal government had announced plans to allocate the bulk of the recovered funds to rural electrification projects through the World Bank. CISLAC, however, has called for greater clarity on this proposal.
Questions remain regarding the involvement of government agencies, the proportion of the funds that will directly benefit citizens, and the mechanisms to ensure accountability.
The organisation raised concerns about the contrast between the proposed utilisation of the funds and the 2025 budget, which includes allocations for non-essential expenditures such as luxury vehicles.
CISLAC stressed the importance of aligning public spending with the economic realities faced by many Nigerians, particularly as the country grapples with widespread hunger and financial challenges.
Additionally, the group urged the government to strictly adhere to the Proceeds of Crime (Recovery and Management) Act 2022, which mandates transparent and responsible management of recovered assets.
CISLAC emphasized that the positive and visible impact of these funds on the lives of citizens is crucial to restoring public confidence in the government’s anti-corruption efforts.
The organisation warned that failure to transparently utilise the funds could lead to public suspicion of re-looting, undermining trust in the government’s commitment to justice and accountability.
CISLAC reaffirmed its commitment to supporting global and local initiatives aimed at promoting socio-economic development, justice, and accountability.
The repatriation of the funds, according to CISLAC, is a testament to the success of collaborative advocacy efforts by civil society organisations and international partners.
The organisation pledged to continue its role in ensuring that recovered assets are managed in a manner that benefits all Nigerians.
