BREAKING: Nigeria Releases Interim Report On Assets Recovered From Looters

Date: 04-06-2016 10:52 am (5 years ago) | Author: Mister Jay Wonder
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- at 4-06-2016 10:52 AM (5 years ago)
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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 (5 years ago) | Addicted Hero
- albionalex at 4-06-2016 10:56 AM (5 years ago)
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Wetin make I come do?
Posted: at 4-06-2016 10:56 AM (5 years ago) | Upcoming
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- onomskky at 4-06-2016 11:01 AM (5 years ago)
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Oh boy see money sha
Posted: at 4-06-2016 11:01 AM (5 years ago) | Upcoming
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- Wazubia at 4-06-2016 11:09 AM (5 years ago)
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Since na Alhaji  Liam Muhammad " talk.am. it's still liar,  until they start improve peoples life in Naija.
Posted: at 4-06-2016 11:09 AM (5 years ago) | Gistmaniac
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- gogoman at 4-06-2016 11:16 AM (5 years ago)
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make una turn am to good usage
Posted: at 4-06-2016 11:16 AM (5 years ago) | Addicted Hero
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- uduehi at 4-06-2016 11:23 AM (5 years ago)
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Fake news
Posted: at 4-06-2016 11:23 AM (5 years ago) | Upcoming
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- ficull at 4-06-2016 11:26 AM (5 years ago)
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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 (5 years ago) | Gistmaniac
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- ficull at 4-06-2016 11:27 AM (5 years ago)
(m)
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 11:27 AM (5 years ago) | Gistmaniac
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- WhaleDog at 4-06-2016 11:40 AM (5 years ago)
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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 .

Posted: at 4-06-2016 11:40 AM (5 years ago) | Gistmaniac
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- Mykie010 at 4-06-2016 11:51 AM (5 years ago)
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I need to see looters in prison pls
Posted: at 4-06-2016 11:51 AM (5 years ago) | Gistmaniac
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- dynasty4all at 4-06-2016 12:04 PM (5 years ago)
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LET THEM MENTION NAMES
Posted: at 4-06-2016 12:04 PM (5 years ago) | Gistmaniac
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- morgan1 at 4-06-2016 12:28 PM (5 years ago)
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Oya use am well oo,,,
Posted: at 4-06-2016 12:28 PM (5 years ago) | Hero
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- royalsam450 at 4-06-2016 12:30 PM (5 years ago)
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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 (5 years ago) | Upcoming
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- ajepakoromance at 4-06-2016 12:45 PM (5 years ago)
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Good, when is Buhari going to make available to Slave Nigerian Alleged missing billlions of dollar in the PTF administrationthe hed head during Abacha regime.?.
Posted: at 4-06-2016 12:45 PM (5 years ago) | Upcoming
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- kison at 4-06-2016 01:17 PM (5 years ago)
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SOMEBODY WILL STILL BLAME BUHARI FOR THIS....Y'ALL BETTER BE CAREFULLLLLLLLLLLLLLLLLLL
Posted: at 4-06-2016 01:17 PM (5 years ago) | Hero
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- steveoneal at 4-06-2016 01:21 PM (5 years ago)
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Quote from: Williams Vancouver on  4-06-2016 11:40 AM
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 .
God bless you for this comment, we are so corrupt that we have been made to believe that corruption is a norm and corruption has been accepted to be part of our society. only if the next administration after buharis can fight the way Gmb is fighting now, thats when nigeria will be a place to be called home.,, imagine if jonathan had won the election , we wouldnt have heard anything about this massive inhumanity to human.
Posted: at 4-06-2016 01:21 PM (5 years ago) | Gistmaniac
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- osarobo62 at 4-06-2016 01:37 PM (5 years ago)
(m)
Quote from: Williams Vancouver on  4-06-2016 11:40 AM
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 .
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 (5 years ago) | Hero
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- vampteiwest2005 at 4-06-2016 01:41 PM (5 years ago)
(m)
buhari u r a fool Cool
Posted: at 4-06-2016 01:41 PM (5 years ago) | Newbie
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- CHRISETTE at 4-06-2016 02:36 PM (5 years ago)
(f)
Put the money into use
Posted: at 4-06-2016 02:36 PM (5 years ago) | Hero
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- SweetDaddy1 at 4-06-2016 02:58 PM (5 years ago)
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Not naming the looters is also corruption in the highest order, OBJ and Atiku and all past military
   administration must be made to return our looted money. The fight against corruption must not be one sided.. Grin Grin Grin
Posted: at 4-06-2016 02:58 PM (5 years ago) | Gistmaniac
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