Adams Oshiomhole said US officials informed President Muhammadu Buhari of the alleged theft during his visit to Washington last month.
Mr Buhari took office in May, ending the rule of the Peoples Democratic Party (PDP).
The PDP has repeatedly denied allegations of widespread corruption during its 16-year rule.
Mr Oshiomhole, who accompanied Mr Buhari to Washington, did not name the minister who allegedly stole the money.
During his visit to the US, Mr Buhari said he had asked the US to help recover $150bn "stolen in the past decade and held in foreign bank accounts".
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