BUHARI RELEASES INTERIM REPORT ON RECOVERED LOOT, SEE HOW MUCH HAVE BEEN RECOVERED

The Federal Government has finally released the supposed list of looters and the funds/assets recovered from these individuals within the one year period.

In a statement issued from the office of the Minister of Information and Culture, Alhaji Lai Mohammed, the total cash recoveries sums up to N78.3billion, $185.1million, £3.5million and £11,000 from 29 May 2015 to 25 May 2016.

The Federal Government made this known after its failure to publish the list of individuals and the amount reportedly looted, as was promised on democracy day.


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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