In the largest settlement with a single American Indian tribe, the Obama administration will pay the Navajo Nation $554 million to settle claims that the U.S. government has mismanaged funds and natural resources on the Navajo reservation for decades. The settlement, to be signed in Window Rock, Ariz., on Friday, resolves a long-standing dispute between the Navajo Nation and the U.S. government, with some of the claims dating back more than 50 years. The sprawling Navajo reservation, located in parts of Arizona, Utah and New Mexico, is the largest and most populous Indian reservation, with 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. The Navajo Nation has worked tirelessly for many years to bring this issue to a close," said Ben Shelly, president of the Navajo Nation. "After a long, hard-won process, I am pleased that we have finally come to a resolution on this matter to receive fair and just compensation for the Navajo Nation." Shelly said the tribe will host town hall meetings across the Navajo Nation to decide how the funds can be used or invested. Although the settlement marks the largest ever with one tribe, the Obama administration has made several other multimillion-dollar agreements with tribes since 2009 to settle long-standing grievances by Native Americans. Along with the Navajo Nation, the administration has negotiated settlements resulting in a total of $2.61 billion paid to 80 tribes since 2010 for tribal trust accounting and trust management claims.