The Federal Government have released the interim report of monies recovered from looters. In a statement signed the Special Adviser to the Honourable Minister of Information, Alhaji Lai Mohammed, it stated that 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.
President Buhari had earlier promised to release names of looters to let Nigerians know who have defrauded them. However, the President later directed the Ministry of Information to publish the details of funds and assets recovered.
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:
INTERIM REPORT ON FINANCIAL AND ASSET RECOVERIES MADE BY THE FEDERAL GOVERNMENT OF NIGERIA FROM 29 MAY 2015 TO 25 MAY 2016
EFCC Cash at hand
Royalty/tax/payment to FGN account in JP Morgan account New York
ONSA Funds Recovery Account in CBN
VAT recovered from companies by ONSA
EFCC Recovered Funds Account in CBN
ICPC Revenue Collection Recovery in CBN
Office of the Attorney General
ICPC Cash Asset Recovery
Recoveries Under Interim Forfeiture
Cash in bank under interim forfeiture
Amount frozen in bank
Value of properties under interim forfeiture
Value of cars under interim forfeiture
ONSA Funds under interim forfeiture
Value of Assets Recovered by ONSA
ONSA Assets under interim forfeiture
DSS Recoveries Frozen in Banks
EFCC Cash in Bank under final forfeiture