– 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.Mehn This Country is Soooooo Rich....

The following is the breakdown of the recovered cash and assets:

Ok.
Their names nko?
In part 2 I guess!

nice one

Lol.... How we wan take dey sure say this news na true

Recovered from who na?

Hope Amaechi and Tinubu loots are part of it!!!

I am glad this precedent has been set! It is movement in the right direction, what so ever your critisims re, it takes guts and a lot of goodwill to do a thing as this, and must be commended by all well meaning NigeriansNigerians, what so ever challenges and injustice we face as a nation will be traced to corruption as the bedrock, including the lack of insight of some youths who will go any length to support corruption as long as it seems it is victimising the president! What level of dullness! When its ur destinies and that of your unborn child being jeopardised.
I also notice some of them use Amaechi as yardstick for corruption! How unfair, is it because he is now a member of the opposing political party! What proof of corruption do you have? Or a property or loot you can trace to him! I have lived in the Niger delta for a good number of years, and in Rivers state, Amaechi and his works stands out for posterity to judge! This man only sin was not supporting Jonathan! I can authoritatively tell you Akpabio is ten times richer than Amaechi! Odili that did absolutely nothing is a true son of the Niger Delta, and Amaechi a thief! This re the reasons our region won't move forward! We celebrate thieves as long as they re one of our own!

lecturerdabo:
Recovered from who na?
Hope Amaechi and Tinubu loots are part of it!!!

For Where?? All those ones done enter is coming

Names should be included. We need to see the criminals milking Nigeria dry

Dry lies

Donexy16:
Names should be included. We need to see the criminals milking Nigeria dry

Since the country is fantastically corrupt, Am guessing the names were withheld. Now that Sai Baba is sick, make d guy thread carefully.

Nah those useless thieves dey wish Baba Daura dead.He'll live beyond 2019

After jeopardizing our lives by hoping with high expectancy...the money wasn't even up to $250,000,000 .
After all those noises and the recovered loots wasn't even up to $250,000,000
In fact, I wants to flog these bunch of madmen.
Chai!!! There is God oooooo
Failed government, full of chains

After jeopardizing our lives by hoping with high expectancy...the money wasn't even up to $250,000,000 .
After all those noises and the recovered loots wasn't even up to $250,000,000
In fact, I wants to flog these bunch of madmen.
Chai!!! There is God oooooo
Failed government, full of chains.

jayworld15:
After jeopardizing our lives by hoping with high expectancy...the money wasn't even up to $250,000,000 .
After all those noises and the recovered loots wasn't even up to $250,000,000
In fact, I wants to flog these bunch of madmen.
Chai!!! There is God oooooo
Failed government, full of chains.

How much did the last regime recover? Separate the goat from the yam theory!

This is pure sophistry.

Only for zombies. Phantom lie and a PADDED interim report just like their budget. Scammer!

OP where is your source? Or I don't believe it

jayworld15:
After jeopardizing our lives by hoping with high expectancy...the money wasn't even up to $250,000,000 .
After all those noises and the recovered loots wasn't even up to $250,000,000
In fact, I wants to flog these bunch of madmen.
Chai!!! There is God oooooo
Failed government, full of chains

How much is Nigeria's annual budget? U are an outright dullard.

After they'll sit at a round table,still share that same recovered loot.Recovered or not,nothing changes.

amaechi1:


How much did the last regime recover? Separate the goat from the yam theory!

And they told you their names...... Hey
If I told you and made lot of publicity concerning those monies and I came out with peanuts....
Moreover, I'm quite sure that 80% of those money are from Abacha's loots.

lordizak:

How much is Nigeria's annual budget? U are an outright dullard.

We're talking about the looted list.. Not budget or maybe you're unlearned.
Reason next time with your cerebrum not your anus.

The Swiss government has confirmed that it had so far returned $723 million (about N142.43 billion) of stolen funds seized from the family of the late former head of state, Sani Abacha, to the Nigerian government over the last 10 years.
The amount excludes $321million (about N63.24 billion) which the Swiss authorities recently said it was planning to repatriate to Nigeria. This was on 8 March 2016 in Lagos.


So I tell you, don't believe figures without names;
Names cements its genuineness otherwise you're like someone calling Sulphur an oxygen.

Anything coming from lai muhamed is always the..... TRUTH .

jayworld15:

We're talking about the looted list.. Not budget or maybe you're unlearned.
Reason next time with your cerebrum not your anus.

It's obvious you are pained, miserable and insensitive. U refer to recovered trillions Naira as a meagre sum. how much then is substantial?.

jayworld15:
The Swiss government has confirmed that it had so far returned $723 million (about N142.43 billion) of stolen funds seized from the family of the late former head of state, Sani Abacha, to the Nigerian government over the last 10 years.
The amount excludes $321million (about N63.24 billion) which the Swiss authorities recently said it was planning to repatriate to Nigeria. This was on 8 March 2016 in Lagos.


So I tell you, don't believe figures without names;
Names cements its genuineness otherwise you're like someone calling Sulphur an oxygen.

Some of these people might have returned monies based on a plea Bargain(It can take whatever form) Printing their names can lead to Attacks by aggrieved people on even their extended families that did not partake or enjoy in the looting. Think about it, or do you condone jungle justice and lawlessness?

Asiwaju9ja:


Some of these people might have returned monies based on a plea Bargain(It can take whatever form) Printing their names can lead to Attacks by aggrieved people on even their extended families that did not partake or enjoy in the looting. Think about it, or do you condone jungle justice and lawlessness?

How do you know that a student has been expelled from the university?
I gladly demand an answer from you

lordizak:

It's obvious you are pained, miserable and insensitive. U refer to recovered trillions Naira as a meagre sum. how much then is substantial?.

Sorry it isn't a trillion naira, check your figure before commenting