US Commends Nigeria Govt Over Transparency On Galactica Funds Repatriation
The United State of America has commended the Nigeria government led by President Bola Ahmed Tinubu for exhibiting transparency and close collaboration in successfully repatriating funds linked to forfeited luxury real estate and the Galactica Star Superyacht.
Previously occasions like this has been exploited by individuals to enriched their pockets in the expensed of the nation but the Tinubu led administration with Ambassador Yusuf Tuggar in the helm of affairs of the ministry foreign affairs..
Speaking on behalf of the US government, Deputy Secretary of State Kurt Campbell commended the Nigerian government, through the Ministry of Foreign Affairs, for its close collaboration in successfully repatriating funds linked to forfeited luxury real estate and the Galactica Star Superyacht.
During a valedictory telephone conversation with the Deputy Secretary of State, Kurt Campbell, he made the commendation and thanked Tuggar and his team. The repatriation negotiations, he said, had made him a believer in the country. He further pledged the support and cooperation of the incoming deputy Secretary of State.
Tuggar thanked him for his dedication to the process and steadfast determination to bring the repatriation to fruition. The call addressed bilateral issues between the two countries, such as leveraging technology to turn digital assets like Binance into mutually beneficial opportunities for Nigeria to become a hub of data mining, data storage and artificial intelligence.
According to Tuggar, as energy producers, “Nigeria’s robust gas energy transition plans, like the African Atlantic gas pipeline traversing 15 African countries, can provide the requisite energy supply for crypto players and data miners. This has great potential, and we are counting on our allies like the United States and Morocco.”
Truly, Nigeria and the United States are going back to basics, back to strong values, and this is something we can build upon,” Tuggar added.
The repatriated funds will expand the Distributed Access Through Renewable Energy Scale-Up project through the Rural Electrification Agency (REA). The program is intended to increase access to electricity services in the country.
