• About
  • Contact
  • Advertise
  • Privacy Policy
  • Terms Of Use
Saturday, July 5, 2025
No Result
View All Result
Converseer
  • Home
  • News
    • General News
    • Education
    • Business
    • Security
    • Entertainment
    • Lifestyle
    • Tourism
  • Politics
  • Metro
  • Jobs
  • Sports
  • Health
  • Tech
  • More
    • Science & Nature
    • Agriculture
    • Opinion
    • Feature
    • Fact Check
    • History
    • Profile & Biography
    • Special Reports
  • Home
  • News
    • General News
    • Education
    • Business
    • Security
    • Entertainment
    • Lifestyle
    • Tourism
  • Politics
  • Metro
  • Jobs
  • Sports
  • Health
  • Tech
  • More
    • Science & Nature
    • Agriculture
    • Opinion
    • Feature
    • Fact Check
    • History
    • Profile & Biography
    • Special Reports
No Result
View All Result
Converseer
No Result
View All Result

Diezani Denies Ownership of Repatriated $52.8M, Reveals Actual Owner

by Editorial Team
19 January 2025
in News
SERAP Appeals to Trump for Return of Diezani's Stolen Assets and a Ban on Corrupt Officials

Former Minister of Petroleum Resources, Diezani Alison-Madueke, has refuted claims linking her to the recently repatriated $52.8 million from the United States to Nigeria. Contrary to widespread reports, Alison-Madueke clarified that the funds do not belong to her but are instead connected to Nigerian oil magnate Kola Aluko.

In a statement titled “There is No Such Thing as Diezani Loot” and issued through her counsel, Professor Mike Ozekhome (SAN), the former minister dismissed the allegations as baseless and part of a persistent campaign to tarnish her image.

“We note with concern the recent deliberate attempt to link her with what has been described as a civil forfeiture of a yacht, Galactica, the sale of which was said to have yielded $52.8 million to the U.S. government; which sum has since been repatriated to Nigeria,” the statement read.

Alison-Madueke explained that the funds originated from the sale of a vessel owned by Kola Aluko, which had been seized by the U.S. government. She emphasized that she had no involvement in the purchase, use, or forfeiture of the yacht.

“This is a clear example of the mischievous and cruel sport of tarnishing her image through a consistent and persistent cocktail of falsehoods and misinformation,” the statement continued.

Read also: Vice President Shettima departs for Davos to represent Nigeria at 2025 WEF

Diezani Alison-Madueke revealed that the yacht, Galactica, was publicly known to have been owned by Aluko, who used it until it was forfeited to the U.S. authorities. She described the narrative linking her to the funds as “false and defamatory,” accusing its purveyors of deliberately misleading the public.

“The yacht Galactica, from information readily available in the public domain and open sources, was purchased by Mr. Kola Aluko, who had used the vessel until he agreed to its forfeiture to the United States of America,” the statement clarified.

Alison-Madueke urged individuals spreading unsubstantiated claims to desist from further defamation and to focus their energies on more productive activities. “The purveyors of this line of misinformation term it ‘name-and-shame.’ To sell the storyline, the architects ensured they attached Diezani’s name to a recovered yacht which is not in any way linked to her. They now falsely termed it ‘Diezani loot.’ Nothing of the sort ever happened.”

The former minister concluded by calling for an end to the attacks on her reputation, describing them as part of a broader agenda to vilify her.

The $52.8 million was recovered by the U.S. government through the sale of assets linked to Aluko, a Nigerian businessman implicated in money laundering and financial crimes. The funds were recently repatriated to Nigeria as part of ongoing efforts to recover stolen public assets.

While Alison-Madueke has faced numerous allegations of corruption during her tenure as petroleum minister, this clarification aims to separate her from the latest claims surrounding the repatriated funds.

Tags: General News

Related News

News

US judge limits Musk?s DOGE access to social security data

3 months ago
I Have Officially Ended My Representation of Akpi - Lawyer Stan Alieke Cuts Ties with Speed Darlington
Lifestyle

I Have Officially Ended My Representation of Akpi – Lawyer Stan Alieke Cuts Ties with Speed Darlington

5 months ago
Man Caught Attempting to Escape with Stolen 5-Year-Old at Anambra Bus Station
News

Man Caught Attempting to Escape with Stolen 5-Year-Old at Anambra Bus Station

5 months ago
Naira Appreciates by N2.63 Against Dollar in Official Market
News

Naira Strengthens Against Dollar, Rises by N16.38 Over the Week

5 months ago
Barcelona Women's Team Suffers Home Defeat for the First Time Since 2019
Lifestyle

Barcelona Women’s Team Suffers Home Defeat for the First Time Since 2019

5 months ago
Steps to Obtain Property Tax Relief for Homes Affected by California Wildfires
News

Steps to Obtain Property Tax Relief for Homes Affected by California Wildfires

5 months ago

Latest News

Community forces man to marry his 13-year-old daughter after impregnating her in Cross River

Reactions trail Imoke’s defection from PDP to ADC

Veterans back Comrade Bassey for Cross River NUJ Chair

Otu approves N18bn for Tinapa, Ranch, others

Cross River begins employment of lawyers into civil service: See how to apply

Sexual violence of minors goes beyond just rape – Project Alert

About Us

Converseer is an online newspaper that delivers impartial, comprehensive news coverage on politics, business, health, tech, metro, and education, among other topics.

Social Media

  • Facebook
  • WhatsApp
  • X (Twitter)
  • YouTube
  • Telegram

Coverage

  • Africa
  • Americas
  • Asia
  • Europe
  • Middle East

Special Pages

  • Special Reports
  • Fact Check
  • Feature
  • Opinion
  • History
  • About
  • Contact
  • Advertise
  • Privacy Policy
  • Terms Of Use

© 2025 Converseer - All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • General News
    • Education
    • Business
    • Security
    • Entertainment
    • Lifestyle
    • Tourism
  • Politics
  • Metro
  • Jobs
  • Sports
  • Health
  • Tech
  • More
    • Science & Nature
    • Agriculture
    • Opinion
    • Feature
    • Fact Check
    • History
    • Profile & Biography
    • Special Reports

© 2025 Converseer - All Rights Reserved.