Federal government Release (cash and assets) Recoveries Under Interim Forfeiture totaled N126,563,481,095.43


2016_6$largeimg26_Jun_2016_004625028The Federal government has made do his promise to release the list of Nigerian looters and how much they looted. The Minister of Information and Culture Lai Mohammed released the shocking list this Week. The list which revealed Millions of nairas and dollars looted and how much has been recovered so far. Although names of the looters were left out of the list. Statement below…

The recovery made by Federal Government  totalled to 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.
Minister of Information and Culture, The Minister disclosed further that Recoveries Under Interim Forfeiture (cash and assets) during that period totaled to 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”.

The interim list also showed the amount recovered by different government agencies from 29 May 2015 to 25 May 2016, and also funds awaiting return from Foreign Jurisdictions totaling $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”.

Pictural Proof Below…….




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