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Nairaland Forum / Nairaland / General / Politics / Finally,buhari Reveals Information On Recovered Loots (1113 Views)
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Finally,buhari Reveals Information On Recovered Loots by Fabulous7(m): 8:21pm On Jun 04, 2016 |
finally,buhari reveals information on recovered loots. – The presidency finally revealed the first set of information on loot recovered during the first year of President Buhari’s administration – Apart from cash in different currencies, the administration also recovered assets from looters – The president has vowed to continue the war against corruption The president Muhammadu Buhari-led federal government has finally released the first set of information on loot recovered during his administration. The president was expected to give this information during his address on May 29 which commemorated his first year in office but it was later revealed that this would be done through the office of Mr Lai Mohammed, who is the minister of information and culture. In a statement issued by the minister on Saturday, June 4, it was revealed that the country had recovered N78,325,354,631.82 and also $185,119,584.61. Also 3,508,355.46 Pounds Sterling and 11, 250 Euros were also recovered between May 29 2015 and 25 May. Read the full statement issued via the presidency office below: 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 (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 Source:www.naij.com |
Re: Finally,buhari Reveals Information On Recovered Loots by Fabulous7(m): 8:25pm On Jun 04, 2016 |
my people see cash!!! May GOD have mercy 2 Likes |
Re: Finally,buhari Reveals Information On Recovered Loots by Fabulous7(m): 8:25pm On Jun 04, 2016 |
my people see cash!!! May GOD have mercy |
Re: Finally,buhari Reveals Information On Recovered Loots by princeakins(m): 8:30pm On Jun 04, 2016 |
#Economy oya gbera... 1 Like |
Re: Finally,buhari Reveals Information On Recovered Loots by stigmond(m): 8:37pm On Jun 04, 2016 |
If this news is genuine, then its a great achievement. And I hope it won't be from fry pan to fire.... |
Re: Finally,buhari Reveals Information On Recovered Loots by Hundreddegrees(m): 9:11pm On Jun 04, 2016 |
Re: Finally,buhari Reveals Information On Recovered Loots by 989900: 9:25pm On Jun 04, 2016 |
Almost half of our budget already!!! This people no get mercy at all !!! |
Re: Finally,buhari Reveals Information On Recovered Loots by blazetitov: 9:30pm On Jun 04, 2016 |
Re: Finally,buhari Reveals Information On Recovered Loots by Fabulous7(m): 9:34pm On Jun 04, 2016 |
989900:Exactly my mind bro dem no get mercy atal,what am thinking is that make buhari tells us those people behind this altrocities so that close eyes will be fix on them |
Re: Finally,buhari Reveals Information On Recovered Loots by Fabulous7(m): 9:39pm On Jun 04, 2016 |
stigmond:We are hoping so,they should use the money for the betterment of the masses. |
Re: Finally,buhari Reveals Information On Recovered Loots by brodalikeme(m): 11:15pm On Jun 04, 2016 |
Am not impressed, from the amount we learnt and know was stolen this is just a trickle. I will wait for the showers. They should also put names to the monies so that we won't have green snakes under green grasses ever again. |
Re: Finally,buhari Reveals Information On Recovered Loots by iamarvye(m): 12:59am On Jun 05, 2016 |
......... |
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