SERAP Urges Trump to Repatriate Nigeria’s Looted Assets

Ogunsakin Mustapha
2 Min Read

SERAP urged Trump to direct the US Department of Justice to initiate civil asset forfeiture proceedings against these assets and return them to Nigeria

By Hassanat Adebowale

The Socio-Economic Rights and Accountability Project (SERAP) has called on United States President-elect Donald Trump to identify and repatriate proceeds of corruption traced to former and current Nigerian public officials. SERAP urged Trump to direct the US Department of Justice to initiate civil asset forfeiture proceedings against these assets and return them to Nigeria.

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In a letter signed by SERAP Deputy Director Kolawole Oluwadare, the organization emphasized the need for the US to fulfill its commitments to assist Nigeria in asset recovery matters. SERAP also requested Trump to publish the names of Nigerian officials suspected of corruption and to temporarily ban them from entering the US.

The appeal follows the recent return of $52.88 million in forfeited corruption proceeds linked to former Petroleum Resources Minister Diezani Alison-Madueke. SERAP noted that this amount is only a fraction of the over $500 billion reportedly stolen from Nigeria and located in the US.

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SERAP highlighted the importance of returning these assets to Nigeria to address poverty and achieve the Sustainable Development Goals. The organization stressed that the US has obligations under the United Nations Convention against Corruption to trace, freeze, and seize proceeds of corruption and return them to the Nigerian people.

SERAP expressed concern that corruption remains a significant obstacle to sustainable development, the rule of law, and the enjoyment of socio-economic rights in Nigeria. Implementing the recommended measures would help address these governance challenges.

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