U.S. Deputy Secretary Of State Praises Nigeria’s Asset Recovery Efforts

Calls For Stronger Bilateral Ties

By Vincess Okushi

The United States Deputy Secretary of State, Kurt Campbell, has commended Nigeria for its achievements in asset recovery and financial transparency, spotlighting the country’s success in repatriating funds linked to forfeited luxury assets, including the high-profile Galactica Star superyacht.

Campbell made the remarks during a phone interaction with Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar. 

He described Nigeria’s efforts as a testament to its growing influence in combating illicit financial flows and fostering accountability.

This achievement has made me a believer in your country’s potential. Campbell said

He highlighted Nigeria’s role as a regional leader in financial transparency and asset recovery while reaffirming the United States’ commitment to supporting Nigeria’s economic recovery initiatives, pledging to deepen cooperation in shared areas of interest.

Nigeria’s strides in financial integrity and innovation reflect the boundless opportunities that lie ahead for both our nations. He added 

Responding, Ambassador Tuggar emphasized that the meeting provided a platform to discuss critical bilateral issues, including Nigeria’s ambitious vision of becoming a hub for data mining, artificial intelligence, and energy innovation.

He outlined the country’s landmark energy transition projects, such as the African Atlantic Gas Pipeline, which he described as pivotal to driving digital and economic innovation across the continent.

With allies like the United States, we can power crypto players and data miners across Africa.Tuggar noted 

Admonishing the importance of partnerships in achieving Nigeria’s developmental goals, Tuggar revealed that the recovered funds would be channelled into Nigeria’s Distributed Access Through Renewable Energy Scale-Up project, an initiative led by the Rural Electrification Agency to provide electricity access to underserved communities, this according to him, is part of Nigeria’s commitment to sustainable development and technological advancement for the benefit of its citizens.

This collaboration underscores our shared values and the potential for deeper partnerships. Tuggar said.

The meeting places more emphasis on U.S.-Nigeria relations, with both officials expressing optimism about enhanced collaboration in energy, technology, and economic development. 

The discussions reinforced Nigeria’s position as a rising leader in the global digital economy, as they aim for deeper ties.

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