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FG Releases List Of Recovered Loot - Politics - Nairaland

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Rep Storms Out Of Plenary Over Motion For FG To Present Record Of Recovered Loot / Former NNPC GMD Admits Ownership Of Recovered $9.8 Million Dollars / Recovered Loot: Why FG Did Not Name Looters —presidency (2) (3) (4)

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FG Releases List Of Recovered Loot by lanre88(m): 12:09pm On Jun 04, 2016
The Federal Government on Saturday released the highly anticipated list of recovered loot. In a statement by the Minister of Information, Culture and Tourism, Alhaji Lai Mohammed, the government revealed the recoveries were made between May 29, 2015 and May 25, 2016.

The government gave the breakdown of the loot as N78, 325,354,631.82; $185,119,584.61; £3,508,355.46 and €11, 250.

A conversion of the funds using the official exchange rate of the Central Bank of Nigeria, the amount adds up to N115,792,760,499.

The Muhammadu Buhari-led government added that a separate amount of cash and assets worth over N2tn had also been seized. However, the properties and cash are under legal contention.

The assets and cash seized under interim forfeiture totalled: $9bn, N126bn, £2.4m and €303,399.

A conversion of the worth of assets and cash seized based on the official CBN exchange rate totalled: 1,918,113,864,063.

The government added that funds awaiting return from foreign Jurisdictions total $321,316,726.1; £6,900,000 and €11,826.11

http://www.punchng.com/fg-releases-list-looters/
Re: FG Releases List Of Recovered Loot by Harvest09(m): 12:16pm On Jun 04, 2016
Its ok,where re the names
Re: FG Releases List Of Recovered Loot by GudluckIBB(m): 12:21pm On Jun 04, 2016
1.9 trillion in Total?? That means if we use Black market rate of 340, we will be getting close to 4 trillion meanwhile Ffk, olisa metu and dudafa have not returned thiers.


Yet some people will still call the Otuoke Man their Hero.

Imagine 4 trillion is in a private pockets.These are one of the reasons the Economy is in a comatoos. The amount of money that left jonathan's govt is enough to start another country

No matter how Buhari's govt is going, I will still support him.

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