– 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.
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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