US TO PAY LARGEST NATIVE AMERICAN NATION $554mn IN LANDMARK SETTLEMENT (STA BREAKING NEWS and ARCHIVES)

by STANews , Thursday, September 25, 2014, 14:11

Reuters / Gary Cameron

The Obama administration will pay the Navajo Nation a record $554 million to settle claims by the most populous Native American tribe that funds and natural resources on its reservation were mismanaged by the US government for decades.

The agreement will be formally signed on Friday at Window Rock, Arizona, the capital of the Navajo reservation, the largest in the US by land mass.

The accord was borne from litigation that accused the government of mishandling Navajo funds and natural resources on its more than 14 million acres across Arizona, New Mexico, and Utah, all held in trust for the tribe and leased out for purposes of farming, energy development, logging, and mining. The Navajo claims date back as far as 50 years.

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http://rt.com/usa/190632-native-navajo-settlement-resources/