U.S. Paying Navajo Nation $554 Million for Five Decade Old Claims

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In the largest settlement ever recorded with a single American Indian tribe, the U.S. government will pay the Navajo Nation $554 million to settle claims that they have mismanaged funds and natural resources on the Navajo reservation for decades. Some claims date as far back as five decades ago. The settlement, acting as the long awaited resolution to this problem is set to be signed on Friday.

According to the Washington Post, the Navajo reservation, located in parts of Arizona, Utah and New Mexico, is the largest and most populous Indian reservation. In holds 14 million acres of trust lands, which are leased for farming, grazing, and oil, gas and other mineral extraction. The land is also leased for businesses, rights-of-way, easements and housing.

Under the agreement, the Navajo Nation will dismiss its current lawsuit and forgo further litigation against the U.S. government for its historic management and accounting of Navajo funds and resources held in trust by the government.

[via Washington Post]

Monica Adams | News Cult