– The presidency finally revealed the first set
of information on loot recovered during the
first year of President Buhari’s
administration
– Apart from cash in different currencies,
the administration also recovered assets
from looters
– The president has vowed to continue the
war against corruption
The president Muhammadu Buhari-led
federal government has finally released the
first set of information on loot recovered
during his administration.
The president was expected to give this
information during his address on May 29
which commemorated his first year in office
but it was later revealed that this would be
done through the office of Mr Lai
Mohammed, who is the minister of
information and culture.
In a statement issued by the minister on
Saturday, June 4, it was revealed that the
country had recovered N78,325,354,631.82
and also $185,119,584.61. Also
3,508,355.46 Pounds Sterling and 11, 250
Euros were also recovered between May 29
2015 and 25 May.
Read the full statement issued via the
presidency office below:
The Federal Government made cash
recoveries totaling N78,325,354,631.82
(Seventy eight billion, three hundred and
twenty-five million, three hundred and fifty-
four thousand, six hundred and thirty one
Naira and eighty two kobo); $
185,119,584.61 (One hundred and eight five
million, one hundred and nineteen
thousand, five hundred and eighty four US
dollars, sixty one cents); 3,508,355.46
Pounds Sterling (Three million, five hundred
and eight thousand, three hundred and
fifty-five Pounds and 46 Pence) and 11, 250
Euros (Eleven thousand, two hundred and
fifty Euros) from 29 May 2015 to 25 May
2016.
In a statement in Lagos on Saturday, the
Minister of Information and Culture, Alhaji
Lai Mohammed, also disclosed that
Recoveries Under Interim Forfeiture (cash
and assets) during the period totaled
N126,563,481,095.43 (One hundred and
twenty six billion, five hundred and sixty
three million, four hundred and eighty one
thousand, and ninety five Naira, forty three
Kobo; $9,090,243,920.15 (Nine billion, ninety
million, two hundred and forty three
thousand, nine hundred and twenty Dollars,
fifteen cents; 2,484,447.55 Pounds Sterling
(Two million, four hundred and eighty four
thousand, four hundred and forty seven
Pounds, fifty five Pence) and 303,399.17
Euros (Three hundred and three thousand,
three hundred and ninety-nine Euros, 17
cents ).
According to the statement, which is based
on the interim report on the financial and
assets recoveries made by the various
government agencies from 29 May 2015 to
25 May 2016, the Funds Awaiting Return
From Foreign Jurisdictions total $
321,316,726.1 (Three hundred and twenty
one million, three hundred and sixteen
thousand, seven hundred and twenty six
Dollars, one cent); 6,900,000 Pounds (Six
million, nine hundred thousand Pounds) and
11,826.11 Euros (Eleven thousand, eight
hundred and twenty six Euros, 11 cents).
It showed that Non-Cash Recoveries
(Farmlands, Plots of Land, Uncompleted
Buildings, Completed Buildings, Vehicles and
Maritime Vessels) during the period total
239.
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