The
federal government has fulfilled its promise of releasing details of
recovered assets. In a statement issued on Saturday, the current
administration said it has made cash recoveries totaling N78 billion
since it came to power.
President Buhari
The Federal Government has released the statement below detailing
assets recovered from corrupt officials of the past administration led
by Goodluck Jonathan.
Full Statement
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.
The following is the breakdown of the recovered cash and assets
INTERIM REPORT ON FINANCIAL AND ASSET RECOVERIES MADE BY THE FEDERAL GOVERNMENT OF NIGERIA FROM 29 MAY 2015 TO 25 MAY 2016
Cash Recoveries
Segun Adeyemi,
SA to Hon Minister of Information and Culture, Lagos
4 June 2016.
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