₦airaland Forum

masterpiece86:
N115bn expected from Switzerland, UK, UAE, US

Abimbola Akosile in Lagos and Olawale Ajimotokan in Abuja

In line with the promise President Muhammadu Buhari made on May 14 in London to give details of looted funds recovered by the administration during the first anniversary of his presidency, the federal government yesterday released an interim report specifying the recovered cash and assets. The report contained in a statement in Lagos by the Minister of Information and Culture, Alhaji Lai Mohammed, said the cash recoveries made between May 29, 2015 and May 25, 2016, including recoveries under interim forfeiture (cash and assets), totalled over N3. 4 trillion. It said about N115 billion was being awaited from the Switzerland, United Kingdom, United Arab Emirates, and the United States.



Cash recovery within the period included 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) and varying sums in other currencies, namely, $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. These total about N144.9 billion.

Recoveries under interim forfeiture (cash and assets) during the period included 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) and the following amounts in other currencies: $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 ). These come to about N3. 3 trillion.

Funds awaiting return from foreign jurisdictions included $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).

The recovered funds and assets were listed under four broad categories, namely, cash recoveries; recoveries under interim forfeiture; funds awaiting return from foreign jurisdictions, and non-cash recoveries.

The report also showed that there were non-cash recoveries (farmlands, plots of land, uncompleted buildings, completed buildings, vehicles and maritime vessels) totalling 239 items.

About N39,169,911,023.00 was recovered through the Economic and Financial Crimes Commission, which also secured $128,494,076.66, £2,355 and 11,250 Euros.

In addition, the sums of N5,665,305,527.41 and $8,000,000.00 were recovered from the on-going searchlight on the Office of the National Security Adviser (ONSA), while the loots recovered by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and lodged with CBN were put at N2,632,196,271.71. Also N47.7 million, $1.94 million and £3.50 million in cash were recovered through the Department of State Services (DSS).

Under the report, cash recoveries involving royalty and tax payments to the federal government in JP Morgan account in New York was put at N4,642,958,711.48 (four billion, six hundred and forty-two million, nine hundred and fifty-eight thousand, seven hundred and 11 naira, forty-eight kobo), and $40,727,253.65 (forty million, seven hundred and twenty-seven thousand, two hundred and fifty-three dollars, sixty-five cents).

The office of the Attorney-General of the Federation also recovered N5,500,000,000 (five billion, five hundred million naira) and $5,500,000 (five million, five hundred thousand dollars) in cash.

Buhari had said in an interview during the global anticorruption summit in London, “So far, what has come out, what has been recovered in whatever currency from each ministries, departments and individuals, I intend on the 29th to speak on this because all Nigerians are getting from the mass media because of the number of people arrested either by the EFCC, DSS. But we want to make a comprehensive report on the 29th.”

The president faced widespread criticism when in his Democracy Day speech on May 29 he failed to disclose the recovered funds as promised.

http://www.thisdaylive.com/index.php/2016/06/05/keeping-his-promise-buhari-announces-recovery-of-n3-4-trillion-in-one-year/

I cant find this money any anywhere in Nigeria, the TSA is empty and we have not aquired any new asset. I hope they use it judiciousley even if na only to generate 100mw of electricity

femu:
whole pork roasts

This one na mammal wey dey born as dem born you ooo, na him u carry stick chook for nyash come out for mouth...lol wahala wanbe

pacretus:
na so dem dey talk.buh wen money land,hmmm

You know them my brother and her name starts with NJ...sure she is from 9ja. What ppl dont know is the more u get, the more you will need more. Ask her what she has done with the one she has. Trace am, she never epp anybody today and she thinks she will epp when she gets 5m, story.

jeff1607:
translation pls

translation pls

lol...it means they hit am wella...it use to be Sam loco's slang to Osuofia. In as much as Ali was the champion, he surely received some heavy blows from niggas

Addicted2Women:
Not a new thing.
His family is even praying for his death because he's situation is worse than death.

He can't speak or hear and cannot identify people even his children and mike Tyson

etiri ya eti eti

Bimpe29:
Get it right na, so because of the perceived inequality and marginalisation, the so-called common wealth are to be destroyed. I ask you, if the blowing up lead to large scale loss of lives and properties, what would remain of the agitation?
This is a common sense! Any where in the world, two wrong doesn't make a right.

Agreed, two wrongs can't make a right. Now, when your son is misbehaving, what do you do? Or do you expect him to be the matured one? This current FG pride will eventually spoil this nation soon.

Bimpe29:
Effects of perennial early morning drink of Ogogoro there in Niger Delta. How on earth will a sane persons be intentionally destroying their God given treasures?
An occupant of a glass house that is throwing stone.
Nonsense

In as much as i dont support any bad thing but inside of me support this one. Imagine, that your house in the villa grows tomatoes in quantum this period and your village head said that its the village property thereby, uses the advantage to develop his own personal house while ur own house remains a donjoun. Guy you will be very bitter and deadly especially if there is nothing you could do about it. I expect the village head to give you 50% of the revenue while others share the rest or even 20% on negotiation. This is simply why the NDA are bitter about the FG. I am not from SS but that crude is there property they inherited from nature.

Kachisbarbie:
[i][/i]

My bro the thing tire me ooo, most ppls hate text like die. While some, don't even check their inbox. They prefer to shout in the middle of oshodi market.

EgunMogaji:
So, stick to what you've researched on your project.

I'll stick to what I know and comfortable with for 30 years.

If I do use Nigeria cable, it won't be the cheapy low grade ones.

I won't be putting an investment worth millions at risk due to saving importation cost.

Good day.

You sound offended, I thought we are sharing ideas. Anyone that works for you is good

EgunMogaji:
It's okay. I've never met any American builder that will recommend or use Nigerian cable

I sometimes wonder how a house built with concrete burns so robustly in Nigeria.

I'll be bringing in lots of materials from the U.S. because it's a quality that I know.

Not saying Nigerian cables are not good but......

Cost of importation will be added and the equivalent will not be the same as Nigerian. E.g a quality 2.5mm from U.S might cost twice as a 2.5mm made in Nigeria yet the copper quality will be same. The guys in Onitsha are doing great in that aspect ask anybody. Hence, why China make 1.5mm and call it 2.5mm with heavy insulation and impurities like Almunium.

uduokirika1:
In summary

1. Improved security in the. NE only

2. Improved resolve to fight corruption

3. Still trying to figure out something if still
any!


REALITY ON GROUND

1. Economy = 0
2. Education = 0
3. Infrastructural development = 0
4. Food security = 0
5. Health = 0
6. Power = 0
7. Trade and investment = 0
8. International Relations/policies = 0
9. Fuel = 0
10. National peace = 0






Objectively, You can now be the judge!

This is just Baba's statement of result this 100 level, though not different from his Waec result anyways. Basially, his CPGA is less than 0.5, let us wait and see how his 200 level will be.

benedictnsi:
Nice tourist attractions I must say........... Will visit one of those places soon

make sure u come back with all the parts of your body intact.

seunfly:
U are right, I'm self employed and I'm into property management, sales, consultancy and estate development. I've noticed doing business with men is less complicated and easy to pull through but when it comes to women, u have to spell out all the terms and condition in white and black b4 u even goes into any business ventures with some of them. Trust me women folks will still break many of those terms but it will save u from too many drama especially financial contribution to d development of such business and sharing ratio for the profit margin.

Most women I've worked with will want to contribute less in a joint ventures businesses but want to have largest shares from the financial income.

F+ck women...they are just created to make babies.

RichDad1:
Okorocha the actualizer.
Long live APC
Kudos


Achike and his PDP goons will be too ashamed to walk the street of Owerri now.

..but it was Ohakim that started this bridge up till half way. All the same, thanks to the two Governors

Shoelace1:
You do not need to quote me for you to inform others..........since I definitely don't need it

I insist that you need it, you and every woman need it...with due respect ma.

Shoelace1:
I never asked for an advice

Yea...but you need it...no knowledge is a waste. If you dont want it at the moment, someone close to you might need it.

flokii:
That's just d height of wickedness..

Why I keep to myself most times, the more open you are, d more possibilty of attracting envy, jealousy, enemies etc..

Moral of d story.. Privacy & security consciousness is key

I adopted this life when I studied the Nigerian environment unfurtunately, pple still want to get at you through ur partner especially, if he or she is an extrovert. Men, but thats the best kind of life to live as far as ur income is flowing.

Deen77:
Senate over to you, acid for an acid pass into law now.

..lol....chaiiiii...na wao...

stevups:
Thanks for the info. But not everybody recognises acid or how it smells, so far the enemy might not come with its bottle. We need to be enlightened in this wise too.

any colorless liquid could be an H2S04...and its called concentrated Hydrogen tetra oxo sulphate six acid.

sinaj:
Av always wondered why acid doesn't burn d container or bottle

it does nt react with glass...

Shoelace1:

yes...but the truth is never fuk ur friends bf. Men hardly throw acid at each other but women dey do am everyday..

johnw74:
A beast can be a Nation, government etc. but in Rev 13 the beast is a man,
the beast's number is the number of a man

Rev 13:18 ... count the number of the beast, for it is the number of a man....

Rev 15:2 And I saw as it were a sea of glass mingled with fire. And those who had gotten the victory over the beast, and over his image, and over his mark, and over the number of his name, stand on the sea of glass, having the harps of God.




The mark of the beast is not what a person thinks and does,
it is a literal mark, name, or number

Rev 13:17 even that not any might buy or sell except those having the mark, or the name of the beast, or the number of its name.

What you think and do cannot stop you from buying and selling,
but not having the beast's mark, name, or number on your forehead or hand (like a bar code or other) can stop you from buying and selling,
and we all need to buy food,
it's the beast's way of controlling the people.

The beast could be a country's leader with the backing and resources of that country,
The beast could be a religious organization with the backing and resources of that organization, etc.

Rev 13:16 And it causes all, both small and great, rich and poor, free and bond, to receive a mark on their right hand, or in their foreheads,
Rev 13:17 even that not any might buy or sell except those having the mark, or the name of the beast, or the number of its name.
Rev 13:18 Here is the wisdom. Let him having reason count the number of the beast, for it is the number of a man. And its number is six hundred and sixty-six.

I dont know why these pastors like to translate the bible the ways it will suit them and sweet to hearing. Rev made it very clear that the beast is a mammal and the number is tripple 6. So why the op come dey corner the thing? To me, the rulers and army of the beast will be a stronger boko haram and isis, may be 1000yrs to come bc, those guys are pure anti christ.

i dont know why alcohol works for me...i drink enough to stay alert but sometimes I think its risky, other times i think i drive better, carefully and calculative with it. Pls dont try this if u re not use to alcohol bc u go find urself for bush.

BoiledHead:
Brother, I didn't come to nairaland or create a thread for therapy. She owns her body. She isn't my wife. I cannot force her to have sex with me. She says "No sex till marriage". It's her choice and I'm duty bound by courtesy to respect that choice. Whether or not she is playing with herself it's her business and her body not mine.

I'm going to marry her. Let me propose first and she says no then I'd agree I am friendzoned.

Even her father has endorsed me. And was even telling me that he has not seen ring on her finger that shey I change my mind. Lol na u come talk say I dey friendzoned.

See how u change the subject of my thread sef. Naija people sha

well its ur choice but marriage no be beans.

priscaoge:
See his mouth



Like Seriously "Common" stolen car? Did u just say that? So they should allow thieves to get away with people's properties? I don't think u have a bicycle so u actually don't know what it means to loose a car to robbers!

its possible the guy bought a stolen car, sometimes u suffer for what u know nothing about

emmyw:
Thinking..........
But Are They Not Teaching Summary In School This Days? English/GNS?
I Can't Spend My Time Reading This Just To See How Someone Killed Himself Because of His Foolishness.
But Wait O.......... Does It Mean That The Young Man Pictured Above Didn't Make Use Of His Brain Or The Brain Was Absent Then? (Many Are Really Mad But Few Are Roaming) God, Please Give Our Youth Retentive Memory, Some Of Them Are "Just" Alive

its affliction...his brains was temporarily on pause at the moment and the devil took advantage. If u check, you ll realise that sometimes u do nonsense just within a 5mins

richidinho:
eyaa.. that is how liverpool fc almost sent me to an early grave wen they could not even secure a draw for me to win 984k

my wedding money mttchew

chai...its as if those pple get monitor spirit

jimmyolasun:
umm...Bro,im sure you were lazy to read the part where i said i was in junior class then...Jss 2 precisely. If you do weed at thAt stage or age,well thats good for you. As for me, i was innocent then and tho im a scientist now still i don't let science find its way into my believe.

i read ur article bro bc I was interested, you could just say u dont blow weed. Js2 would be about 13 or 14yrs...but do you want me to show the pic of a 10yr old boy blowing weed in riverstate and another 11 yr boy in U.S? Weed is popular na though I dont do that. If you know what halucination is, you will understand. Many things can trigger halucination at the same time, i did not rule out extra ordinary forces if u read mine well but they dont have any business with u. Does light waves have any business with sound waves, ofcourse not.

BoiledHead:
Brother, she told me she won't have sex with me until I marry her. If I'm friendzone she won't repeat marriage to me. She even told my mum that I don't have plans. Thinking my mother would convince me.

So I'm not friendzoned

Thats the height of deceit, if she means biz, she won't be playing with herself. Celibacy is possible, she should be celibate if she means business. Sorry to repeat this again, you are friendzoned. Let me advise you, don't let a woman lead you in a relationship, be the man and decide what happens in your relatiionship, hence you lose her respect. Honestly, from what you are saying, if you succumb to pressure and marry her, you will end up been her hand bag.

BoiledHead:
Like I said, she plays with her self if you understood what that means, she isn't a virgin. I know that.

then she is a chronic lesbo...what she does is when partner is not around she masturbates and when she is, they help thereselves. As it is, she is not feeling sexually connected to u. When a woman feels intimately in love with u, s.ex happens naturally but at the moment, u hav been friendzoned.

BoiledHead:
No bro. She told me that she won't have sex with me unless she is my wife. She is not lesbian. She is straight. She doesnt even like women at all.

do u expect her to tell u she has another guy...? Well, just make sure she is still a virgin otherwise, nlanders go state ur mugu level.