The Federal Government has so far recovered\u00a0 N126,563,481,095.43 (One hundred and twenty six billion, five hundred and sixty three million). in cash and assets from treasury looters in the past administration, Information minister,\u00a0 Lai Mohammed has disclosed.
\nAccording to a statement on Saturday,\u00a0\u00a0 Mohammed said , the recoveries were made between May 29, 2015 and May 25, 2016.<\/p>\n
The cash recoveries made so far in local currency are: N78,325,354,631.82 (Seventy eight billion, three hundred and twenty-five million).
\nThe foreign currencies are: $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).<\/p>\n
And 11, 250 Euros (Eleven thousand, two hundred and fifty Euros) from 29 May 2015 to 25 May 2016.
\nMohammed said this is contained Under Interim Forfeiture (cash and assets) report.
\nAccording to the statement, 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).
\nIt showed that Non-Cash Recoveries (Farmlands, Plots of Land, Uncompleted Buildings, Completed Buildings, Vehicles and Maritime Vessels) during the period total 239.<\/p>\n
The following is the breakdown of the recovered cash and assets:
\nINTERIM REPORT ON FINANCIAL AND ASSET RECOVERIES MADE BY THE FEDERAL GOVERNMENT OF NIGERIA FROM 29 MAY 2015 TO 25 MAY 2016
\nCash Recoveries
\nSerial Items Naira US Dollar GB Pounds Euro
\n1 EFCC Cash at hand 39,169,911,023.00 128,494,076.66 2,355 11,250
\n2 Royalty\/tax\/payment to FGN account in JP Morgan account New York4,642,958,711.4840,727,253.65
\n3ONSA Funds Recovery Account in CBN5,665,305,527.418,000,000.00
\n4VAT recovered from companies by ONSA529,588,293.47
\n5EFCC Recovered Funds Account in CBN19,267,730,359.36455,253.80
\n6ICPC Revenue Collection Recovery in CBN869,957,444.89
\n7Office of the Attorney General5,500,000,0005,500,000
\n8DSS Recoveries47,707,000.51,943,000.53,506,000.46
\n9ICPC Cash Asset Recovery2,632,196,271.71
\nTotal78,325,354,631.82185,119,584.613,508,355.4611,250
\nSerial Items Naira US Dollar GB Pounds Euro
\n1 Cash in bank under interim forfeiture 8,281,577,243.92 1,819,866,364.73 3,800.00 113,399.17
\n2Amount frozen in bank48,159,179,518.907,131,369,498.49605,647.55
\n3 Value of properties under interim forfeiture 41,534,605,998.00 77,844,600.00 1,875,000.00 190,000.00
\n4Value of cars under interim forfeiture52,500,000.00
\n5ONSA Funds under interim forfeiture27,001,464,125.2043,771,433.73
\n6Value of Assets Recovered by ONSA512,000,000.00
\n7ONSA Assets under interim forfeiture260,000,000.00
\n8DSS Recoveries Frozen in Banks658,929,000.00226,476.20
\n9EFCC Cash in Bank under final forfeiture103,225,209.4117,165,547.00
\nTotal126,563,481,095.439,090,243,920.152,484,447.55303,399.17
\nGrand Total204,888,835,727.259,275,363,504.765,992,803.01314,649.17
\nFunds Awaiting Return From Foreign Jurisdictions
\nJurisdictionUS DollarGB PoundsEuro
\n1Switzerland321000000
\n2UK6900000
\n3 UAE 310501 11826.11
\n4USA6225.1<\/p>\n
Total321,316,726.16,900,00011,826.11<\/p>\n
Non Cash Recoveries
\nSerial Items Quantity
\nICPCEFCCONSA
\n1Farmland22
\n2Plot of Land4
\n3 Uncompleted Building1
\n4 Completed Building 33 145 4
\n5Vehicles223
\n6Maritime Vessels5
\nTotal 821534<\/p>\n","protected":false},"excerpt":{"rendered":"
The Federal Government has so far recovered\u00a0 N126,563,481,095.43 (One hundred and twenty six billion, five hundred and sixty three million). in cash and assets from treasury looters in the past…<\/p>\n","protected":false},"author":1,"featured_media":47482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-49907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"\n