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U.S. to Proceed With Case to Seize Nigerian Governor’s Funds

  • Settlement talks have reached an ‘impasse’: Justice Department
  • At stake are investment portfolios worth over $150 million
Lagos, Nigeria

Lagos, Nigeria

Photographer: Adetona Omokanye/Bloomberg

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The U.S. will resume legal proceedings to confiscate more than $150 million it says was laundered by a leading member of Nigeria’s ruling party after attempts to reach an out-of-court settlement failed.