interim report on funds and assets recovered
from individuals who looted the nation’s
treasury.
According to a statement from the office of the
Minister of Information and Culture, Alhaji Lai
Mohammed, the total cash recoveries comes to
the sum of seventy eight point three billion
Naira; one hundred and eight five million point
one US Dollars, three point five million Pounds,
and eleven thousand Euros, from 29 May 2015 to
25 May 2016.
This comes after the Federal Government failed
to publish the list of individuals and the amount
stolen on May 29, as earlier promised.
Full text here:
PRESS RELEASE LOOTING: FG RELEASES INTERIM
REPORT ON FINANCIAL, ASSETS RECOVERIES
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:



Segun Adeyemi
SA to Hon Minister of Information and Culture
Lagos
4 June 2016
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