Investogist
No Result
View All Result
Wednesday, May 27, 2026
  • News
    • All
    • Africa
    • Nigeria
    • World
    NNPC Accuses Dangote Refinery of Seeking Fuel Monopoly

    NNPC Accuses Dangote Refinery of Seeking Fuel Monopoly

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa Commences Share Buyback Programme of Up to $110 Million

    Fubara, Cole Withdraws from APC Governorship Primaries

    Fubara, Cole Withdraws from APC Governorship Primaries

    EFCC Nabs Fleeing Convicted Ex Power Minister for ₦33.8bn Fraud

    EFCC Nabs Fleeing Convicted Ex Power Minister for ₦33.8bn Fraud

    SEC Moves Nigerian Capital Market to T+1 Settlement System

    SEC Moves Nigerian Capital Market to T+1 Settlement System

    Presidents Trump and Tinubu Announce Killing of ISIS Leader Eliminated in 2024

    Presidents Trump and Tinubu Announce Killing of ISIS Leader Eliminated in 2024

    Africa CDC Confirms New Ebola Outbreak in Eastern DR Congo

    Africa CDC Confirms New Ebola Outbreak in Eastern DR Congo

    EFCC Arrests Energy Commission DG Mustapha Abdullahi Over Alleged N500bn Money Laundering

    EFCC Arrests Energy Commission DG Mustapha Abdullahi Over Alleged N500bn Money Laundering

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Access Bank UK set to acquire Mauritius  AfrAsia Bank

    Access Holdings Explains Non-Payment of 2025 Dividend Despite N1.01 Trillion Profit

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Tantalizers Signs MOU to Acquire 24 Trawlers and Fisheries Assets from Karflex

    Tantalizers Signs MOU to Acquire 24 Trawlers and Fisheries Assets from Karflex

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa Commences Share Buyback Programme of Up to $110 Million

    Otedola Pledges $100m for Stake in Dangote Refinery Ahead of IPO

    Otedola Pledges $100m for Stake in Dangote Refinery Ahead of IPO

    Zichis Agro-Allied Denies IPO Plans, to Seek Shareholder Approval for Capital Raise

    Zichis Agro-Allied Issues Official Clarification on CEO’s Recent Share Deal

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Dangote Refinery Renews Legal War with FG Over Fuel Import Permits

    Dangote Refinery Renews Legal War with FG Over Fuel Import Permits

    Ecobank Issues USD 450 Million Sustainable Agriculture & Natural Capital Eurobond

    Ecobank Issues USD 450 Million Sustainable Agriculture & Natural Capital Eurobond

    Universal Insurance PLC Launches ₦3.2 Billion Rights Issue

    Universal Insurance PLC Launches ₦3.2 Billion Rights Issue

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Opens N4.00 Rights Issue to Shareholders

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Nestlé Nigeria Publishes List of Unclaimed Dividends

    Nestlé Nigeria Publishes List of Unclaimed Dividends

    Acceptance for Champion Breweries Plc Take-Over Offer closes soon

    Champion Breweries Lists 2.38 Billion New Shares on NGX After Hybrid Offer

    NGX Delists DN Tyre, Greif Nigeria from Official List

    NGX Delists DN Tyre, Greif Nigeria from Official List

    Unilever Declares ₦3.25 Final Dividend For 2025 FY

    Unilever Nigeria Discloses Foods Deal with McCormick

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    NNPC Accuses Dangote Refinery of Seeking Fuel Monopoly

    NNPC Accuses Dangote Refinery of Seeking Fuel Monopoly

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa Commences Share Buyback Programme of Up to $110 Million

    Fubara, Cole Withdraws from APC Governorship Primaries

    Fubara, Cole Withdraws from APC Governorship Primaries

    EFCC Nabs Fleeing Convicted Ex Power Minister for ₦33.8bn Fraud

    EFCC Nabs Fleeing Convicted Ex Power Minister for ₦33.8bn Fraud

    SEC Moves Nigerian Capital Market to T+1 Settlement System

    SEC Moves Nigerian Capital Market to T+1 Settlement System

    Presidents Trump and Tinubu Announce Killing of ISIS Leader Eliminated in 2024

    Presidents Trump and Tinubu Announce Killing of ISIS Leader Eliminated in 2024

    Africa CDC Confirms New Ebola Outbreak in Eastern DR Congo

    Africa CDC Confirms New Ebola Outbreak in Eastern DR Congo

    EFCC Arrests Energy Commission DG Mustapha Abdullahi Over Alleged N500bn Money Laundering

    EFCC Arrests Energy Commission DG Mustapha Abdullahi Over Alleged N500bn Money Laundering

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Access Bank UK set to acquire Mauritius  AfrAsia Bank

    Access Holdings Explains Non-Payment of 2025 Dividend Despite N1.01 Trillion Profit

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Tantalizers Signs MOU to Acquire 24 Trawlers and Fisheries Assets from Karflex

    Tantalizers Signs MOU to Acquire 24 Trawlers and Fisheries Assets from Karflex

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa Commences Share Buyback Programme of Up to $110 Million

    Otedola Pledges $100m for Stake in Dangote Refinery Ahead of IPO

    Otedola Pledges $100m for Stake in Dangote Refinery Ahead of IPO

    Zichis Agro-Allied Denies IPO Plans, to Seek Shareholder Approval for Capital Raise

    Zichis Agro-Allied Issues Official Clarification on CEO’s Recent Share Deal

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Dangote Refinery Renews Legal War with FG Over Fuel Import Permits

    Dangote Refinery Renews Legal War with FG Over Fuel Import Permits

    Ecobank Issues USD 450 Million Sustainable Agriculture & Natural Capital Eurobond

    Ecobank Issues USD 450 Million Sustainable Agriculture & Natural Capital Eurobond

    Universal Insurance PLC Launches ₦3.2 Billion Rights Issue

    Universal Insurance PLC Launches ₦3.2 Billion Rights Issue

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Opens N4.00 Rights Issue to Shareholders

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Nestlé Nigeria Publishes List of Unclaimed Dividends

    Nestlé Nigeria Publishes List of Unclaimed Dividends

    Acceptance for Champion Breweries Plc Take-Over Offer closes soon

    Champion Breweries Lists 2.38 Billion New Shares on NGX After Hybrid Offer

    NGX Delists DN Tyre, Greif Nigeria from Official List

    NGX Delists DN Tyre, Greif Nigeria from Official List

    Unilever Declares ₦3.25 Final Dividend For 2025 FY

    Unilever Nigeria Discloses Foods Deal with McCormick

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home News

US to return $954,000 Alamieyeseigha loot

Thursday, 16 February 2023, 5:53 pm
in News, Nigeria
0
US to return $954,000 Alamieyeseigha loot
Share Share Share Share Send as Email

The United States and the federal government of Nigeria have signed an agreement for the repatriation of $954,000 allegedly stolen by Diepreye Alamieyeseigha, former governor of Bayelsa state.

This was disclosed on Thursday by Mary Leonard, US ambassador to Nigeria, and Beatrice Jedy-Agba, solicitor-general of the federation and permanent secretary of the ministry of justice during a press briefing.

The solicitor-general said the funds have been approved by President Muhammadu Buhari for the construction of a healthcare centre for the residents of Bayelsa state.

“This asset return arose from the forfeiture and recovery of approximately $1 million USD linked to the corrupt practices of former Bayelsa state governor, D.S.P. Alamieyeseigha,” she said.

“The United States government, in collaboration with the Federal Republic of Nigeria initiated and completed forfeiture proceedings against certain real property and investment funds located in Maryland and Massachusetts against the former governor which resulted in the net forfeiture to the Government of United States of America totalling the sum of $954,807.40.

“Following the court order, the FRN and the USA have negotiated and finalized the terms of the asset return agreement.

“It is worthy to note that in line with the terms of this agreement, Mr President has already approved the expected sum to be utilised for the implementation of a health centre project for the benefit of the people of Bayelsa state and to be monitored by the civil society organisations and the federal government, through the federal ministry of justice.”

The US ambassador said that Alamieyeseigha salary while he was governor between 1999 and 2005 “did not exceed the equivalent of about $81,000 per year”.

“However, during that time, he accumulated millions of dollars worth of property through corrupt acts such as abuse of office, money laundering, and other violations of Nigerian and US laws,” the US ambassador added.

“The United States court case against DSP through the kleptocracy asset recovery initiative is part of our efforts to combat money laundering and corruption.

“Prosecutors working under this initiative are responsible for investigations and litigation to recover the proceeds of foreign official corruption.

“The funds are returned in accordance with our obligations under the UN Convention against corruption and to further the tenets of transparency and accountability set forth in the global forum on asset recovery principles for disposition and transfer of confiscated stolen assets and corruption.”

In September 2015, Alamieyeseigha, was detained in London on charges of money laundering. At the time of his arrest, Metropolitan police found about £1m in cash in his London home.

Later they found a total of £1.8m ($3.2m) in cash and bank accounts. He was found to own four homes in London worth an alleged £10 million.

He jumped bail in December 2005 from the United Kingdom by allegedly disguising himself as a woman, though Alamieyeseigha denied this claim.

Following his arrest, Alamieyeseigha was impeached on allegations of corruption on 9 December 2005 and Goodluck Jonathan, his deputy at the time, took over.

On July 26, 2007, Alamieyeseigha pleaded guilty before a Nigerian court to six charges and was sentenced to two years in prison on each charge; however, because the sentences were set to run concurrently and the time was counted from the point of his arrest nearly two years before the sentences, his actual sentence was relatively short.

Jonathan later pardoned him, triggering backlash. He died at the age of 62, in October 2015.

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

Related Posts:

  • IMG-20220917-WA0000
    Nassarawa Labour Party receives 27,000 decampees…
  • GTCO
    GTCO is offering a subscription of 9,000,000,000…
  • Be a millionaire
    Do you want to earn $1,000,000 by 2027? This is for you
  • Bitcoin-750x375
    Bitcoin's path to $1,000,000.00 - Money Map Africa
Previous Post

FG publishes list of 8,611 Nigerians with uncollected passports

Next Post

Russian Rubber holds up new EU anti-Russian sanctions

Next Post
Russian Rubber holds up new EU anti-Russian sanctions

Russian Rubber holds up new EU anti-Russian sanctions

Please login to join discussion
  • Trending
  • Comments
  • Latest
Ellah Lakes Plc announces EGM to approve N250 billion capital raise, debt to equity conversion

Ellah Lakes to acquire ARPN Nigeria Limited in Landmark Agro-Industrial deal

The Initiates Plc unveils Rights Issue and Public Offer to drive expansion in environmental services

The Initiates Plc unveils Rights Issue and Public Offer to drive expansion in environmental services

MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

South Africa express interest in Nigeria’s lithium for electric vehicles

South Africa express interest in Nigeria’s lithium for electric vehicles

Tantalizers Signs MOU to Acquire 24 Trawlers and Fisheries Assets from Karflex

Tantalizers Signs MOU to Acquire 24 Trawlers and Fisheries Assets from Karflex

NNPC Accuses Dangote Refinery of Seeking Fuel Monopoly

NNPC Accuses Dangote Refinery of Seeking Fuel Monopoly

Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

Airtel Africa Releases Audited Financial Statements for Q1 2026

Airtel Africa Commences Share Buyback Programme of Up to $110 Million

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2026 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved