The
Federal Government on Saturday made good its promise to release details of the
loot, monies and assets recovered from former public officials who looted the
nation’s treasury, albeit without naming names.
The
minister of Information and Culture, Alhaji Lai Mohammed made the disclosure in
a statement.
According
to the statement, 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.
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.
Below 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
Cash
Recoveries
|
Serial
|
Items
|
Naira
|
US
Dollar
|
GB
Pounds
|
Euro
|
|
1
|
EFCC
Cash at hand
|
39,169,911,023.00
|
128,494,076.66
|
2,355
|
11,250
|
|
2
|
Royalty/tax/payment
to FGN account in JP Morgan account New York
|
4,642,958,711.48
|
40,727,253.65
|
||
|
3
|
ONSA
Funds Recovery Account in CBN
|
5,665,305,527.41
|
8,000,000.00
|
||
|
4
|
VAT
recovered from companies by ONSA
|
529,588,293.47
|
|||
|
5
|
EFCC
Recovered Funds Account in CBN
|
19,267,730,359.36
|
455,253.80
|
||
|
6
|
ICPC
Revenue Collection Recovery in CBN
|
869,957,444.89
|
|||
|
7
|
Office
of the Attorney General
|
5,500,000,000
|
5,500,000
|
||
|
8
|
DSS
Recoveries
|
47,707,000.5
|
1,943,000.5
|
3,506,000.46
|
|
|
9
|
ICPC
Cash Asset Recovery
|
2,632,196,271.71
|
|||
|
Total
|
78,325,354,631.82
|
185,119,584.61
|
3,508,355.46
|
11,250
|
Recoveries
Under Interim Forfeiture
|
Serial
|
Items
|
Naira
|
US
Dollar
|
GB
Pounds
|
Euro
|
|
1
|
Cash in
bank under interim forfeiture
|
8,281,577,243.92
|
1,819,866,364.73
|
3,800.00
|
113,399.17
|
|
2
|
Amount
frozen in bank
|
48,159,179,518.90
|
7,131,369,498.49
|
605,647.55
|
|
|
3
|
Value
of properties under interim forfeiture
|
41,534,605,998.00
|
77,844,600.00
|
1,875,000.00
|
190,000.00
|
|
4
|
Value
of cars under interim forfeiture
|
52,500,000.00
|
|||
|
5
|
ONSA
Funds under interim forfeiture
|
27,001,464,125.20
|
43,771,433.73
|
||
|
6
|
Value
of Assets Recovered by ONSA
|
512,000,000.00
|
|||
|
7
|
ONSA
Assets under interim forfeiture
|
260,000,000.00
|
|||
|
8
|
DSS
Recoveries Frozen in Banks
|
658,929,000.00
|
226,476.20
|
||
|
9
|
EFCC
Cash in Bank under final forfeiture
|
103,225,209.41
|
17,165,547.00
|
||
|
Total
|
126,563,481,095.43
|
9,090,243,920.15
|
2,484,447.55
|
303,399.17
|
|
|
Grand
Total
|
204,888,835,727.25
|
9,275,363,504.76
|
5,992,803.01
|
314,649.17
|
Funds
Awaiting Return From Foreign Jurisdictions
|
Jurisdiction
|
US
Dollar
|
GB
Pounds
|
Euro
|
|
|
1
|
Switzerland
|
321000000
|
||
|
2
|
UK
|
6900000
|
||
|
3
|
UAE
|
310501
|
11826.11
|
|
|
4
|
USA
|
6225.1
|
||
|
Total
|
321,316,726.1
|
6,900,000
|
11,826.11
|
Non
Cash Recoveries
|
Serial
|
Items
|
Quantity
|
||
|
ICPC
|
EFCC
|
ONSA
|
||
|
1
|
Farmland
|
22
|
||
|
2
|
Plot of
Land
|
4
|
||
|
3
|
Uncompleted
Building
|
1
|
||
|
4
|
Completed
Building
|
33
|
145
|
4
|
|
5
|
Vehicles
|
22
|
3
|
|
|
6
|
Maritime
Vessels
|
5
|
||
|
Total
|
82
|
153
|
4
|
|
Source: RipplesNigeria
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