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DoJ seeks to recover $144M in Nigerian oil industry corruption case

Jaclyn Jaeger | July 18, 2017

The Department of Justice has filed a civil complaint seeking the forfeiture and recovery of approximately $144 million in assets obtained from corruption in the Nigerian oil industry.

From 2011 to 2015, Nigerian businessmen Kolawole Akanni Aluko and Olajide Omokore conspired with others to pay bribes to Nigeria’s former Minister for Petroleum Resources, Diezani Alison-Madueke, who oversaw Nigeria’s state-owned oil company, the complaint states. In return for these improper benefits, Alison-Madueke used her influence to steer lucrative oil contracts to companies owned by Aluko and Omokore.

The complaint alleges that the proceeds of those illicitly awarded contracts were then laundered in and through the United States and used to purchase various assets subject to seizure and forfeiture, including a $50 million New York condominium... To get the full story, subscribe now.