BREAKING: Nigeria Releases Interim Report On Assets Recovered From Looters

The  Federal Government has released the statement below detailing assets recovered from corrupt officials of the past administration.

Read full statement 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.

INTERIM REPORT ON FINANCIAL AND ASSET RECOVERIES MADE BY THE FEDERAL GOVERNMENT OF NIGERIA FROM 29 MAY 2015 TO 25 MAY 2016

Cash Recoveries

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Posted: at 4-06-2016 10:52 AM (8 years ago) | Addicted Hero

Oh boy see money sha

Posted: at 4-06-2016 11:01 AM (8 years ago) | Upcoming

make una turn am to good usage

Posted: at 4-06-2016 11:16 AM (8 years ago) | Grande Master

my gawd... if GEJ had won I wonder if we'd witnessed these revelations.
Onto part 2.... name names pls.

Posted: at 4-06-2016 11:26 AM (8 years ago) | Gistmaniac

I smile ,I weep ,I shed tears and I cry for the future of Nigeria .Theres no word to describe the greed and selfishness of Nigerian .This is just a tip from what was stolen from Nigerian ,the people languishing in extreme poverty and some few are iiving in opulent at the expense of the wretched millions .In every 10000 Nigerian 999.9 is corrupt and care less about the unprivileged millions .Im not sure if our system can be corruption free after the Buhari administration ,if ever Nigeria can sustain the fight against corruption after Buhari remain to be seeing .And if it is not sustain it will eventually the fight against corruption will fight back and that will be more fierce than what we have seen so far .Nigerian are extremely corrupt ,there no word to describe our thirst for comfort at whatever the cost .

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Posted: at 4-06-2016 11:40 AM (8 years ago) | Gistmaniac

LET THEM MENTION NAMES

Posted: at 4-06-2016 12:04 PM (8 years ago) | Gistmaniac

All This money Is not up to dasuki geat only with all we are fighting quaraption propaganda abeg make Una go help people  way don allmost die of ongar there

Posted: at 4-06-2016 12:30 PM (8 years ago) | Upcoming

SOMEBODY WILL STILL BLAME BUHARI FOR THIS....Y'ALL BETTER BE CAREFULLLLLLLLLLLLLLLLLLL

Posted: at 4-06-2016 01:17 PM (8 years ago) | Hero

the most unfortunate thing is that , even among the so called ''underprivileged millions''( a lot of them are here in NP), they are so corrupt minded that they are angry with Buhari for recovering these money. many Nigerian wants and deserves to be enslaved. they are only happy when they are suffering and smiling.
THEY ARE BLAMING BUHARI FOR NOT CHANGING THEIR MISERABLE LIVES WITHIN ONE YEAR,,,,,MEANWHILE THEY ARE PRAISING AND GLORIFYING THE ONES WHO ENSLAVED THEM FOR 16 YEARS

Posted: at 4-06-2016 01:37 PM (8 years ago) | Hero

Put the money into use

Posted: at 4-06-2016 02:36 PM (8 years ago) | Hero