₦airaland Forum

masterpiece86:
This guy's have no conscience. About half of this year's budget criminally stolen away, what will life owe to our children if this had continue unabated and unchecked...??


#May God continue to expose them one after the other, they shall know no peace anywhere they go.....!!

Amin ooo

buharifraud:
Utter nonsense. Fictitious figures splashed on the pages of newspapers with no real evidence. This government thinks every nigerian is a phool. You have recovered this much money, and yet you were going from country to country to beg like a dog. And after they all turned you down, you then placed a fuel tax on Nigerians. Keep on fooling yourselves and the pathetic Yorubas. In 2019, you will see wehn.

Lmao! Muhahahahahahahahahaha! This guy harsh gaaan! But all you said here is plain and undiluted truth!

ArmedRobber:
**** will they start spending the recovered loot just like that without doing feasibility studies on what to do with it.

And that is why I said he is clueless
So he didn't have any plan with it before aiming to be the GCFR
the dullard is absolutely inept

buharifraud:
Utter nonsense. Fictitious figures splashed on the pages of newspapers with no real evidence. This government thinks every nigerian is a phool. You have recovered this much money, and yet you were going from country to country to beg like a dog. And after they all turned you down, you then placed a fuel tax on Nigerians. Keep on fooling yourselves and the pathetic Yorubas. In 2019, you will see wehn.

this 2019 you wailers keep screaming about. Pls who is going to vote him out? Someone you people could'nt vote in, how come you now want to vote him out? Please expantiate

hustla:
What exactly do Nigerians want gangan
Una complain say na media trial, them announce say them Don dey return money, una say na lie

Them promise to announce how much them recover, una say na lie cos e no announce am in time


E Don announce am now, una still say na lie.

Se some people no craze like this sha



Kudos to the government. Corruption needs to be talked first, but the names need to be mentioned, or maybe it was a plea bargain. Whatever it is, they should endeavor to print out the names of the corrupt bastards or they will repeat same in the near future

My brother, it was very wise of the govt not to mention names becaue that wud ve stalled future possible recoveries! And it also wud ve incured several suite from diff angles!

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/

PDP should ask federal government to release name of looters by force. fayose will talk on dis,

Ezeego1:
Akuko Mike Ejeagha!


Tomorrow now they will go to china and be begging for just 2billion dollars while we have trillions of naira.

Ndi ara!

Pathetic of U! You dont really care abt the success of this administration. All u desire is for this country to regress under their leadership. By that u'l be able to score enof political point & probably u'l be so fulfilled. At first, your type said there's no serious anticorruptn war, u said it was political witchhunting. Now they've recovered some trillions, u're tellin them agn how to use it. Nigeria can never be better with such followers like this no matter the quality of the leaders. ESAU GENERATION!

We funny sha, If this is through, how come the country is not moving forward? how come we still can't pay workers? how come we are so broke? how come the economy is nothing to write about?
They just come with e-figures and want us to only blame and blame past admin, can't something be done to make us see clearly why we should reject one admin? abeg, enough talk jare....... We want to see things working, over a year gone, yet nothing to show.
This admin should do done, not blame again, abeg.

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/

with this and about 3 trillion in TSA and 2 billion dollars coming from China,they should be able to fund the budget.
so nobody should tell us tomorrow that can't fund the budget because NDA is blowing up pipe lines.

3.4T + 3T(TSA) =6.4T Naira
Budget 6.04 T Naira

Also note that annual revenue from. Oil and gas, custom, stamp duty fees, npa, faan, tax/vat, Loan from China 2 billion dollars and other agencies.
Nigerians are watching!

NOETHNICITY:
My brother, it was very wise of the govt not to mention names becaue that wud ve stalled future possible recoveries! And it also wud ve incured several suite from diff angles!

Quite right
Names Wil later be published, I reckon

overall90:
with this and about 3 trillion in TSA and 2 billion dollars coming from China,they should be able to fund the budget.
so nobody should tell us tomorrow that can't fund the budget because NDA is blowing up pipe lines.

3.4T + 3T(TSA) =6.4T Naira
Loan from China 2 billion dollars
Budget 6.04 T Naira

we are watching!

Only N78bn cash has actually been recovered, this story was actually being twisted for sensationalism. The rest trillions of the money was termed 'interim forfeiture,' made up of mainly funds belonging to alleged looters which were frozen. FG doesnt really have the right to touch those moneys, they still belong to the owners unless a law finds them guilty and orders them to forfeit the cash.

buharifraud:
Utter nonsense. Fictitious figures splashed on the pages of newspapers with no real evidence. This government thinks every nigerian is a phool. You have recovered this much money, and yet you were going from country to country to beg like a dog. And after they all turned you down, you then placed a fuel tax on Nigerians. Keep on fooling yourselves and the pathetic Yorubas. In 2019, you will see wehn.

See as e dey pain you.

Most of the money recovered where former top pdp member,s turn APC chief,s.
Anyway watin concern me for zoogarian matter.









long live

Thats right.
Recover N3.4 Trillion in one year .
Then lose N40 Trillion in six months.

Who the 3.4trillion don help?

buharifraud:
Utter nonsense. Fictitious figures splashed on the pages of newspapers with no real evidence. This government thinks every nigerian is a phool. You have recovered this much money, and yet you were going from country to country to beg like a dog. And after they all turned you down, you then placed a fuel tax on Nigerians. Keep on fooling yourselves and the pathetic Yorubas. In 2019, you will see wehn.

receive sense!

wen u go start paying us 5k,wen u go start releasing salary.

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/

something still beats my imagination in this whole scenario, if as claimed that such amount has been recovered why then is the government of the day complaining of lack of funds for the implementation of the budget, if the said recovered amount exists then it should serve as an alternative in bringing the budget deficit only if they are telling us the truth because this regime is synonymous with falsehoods

buharifraud:
Utter nonsense. Fictitious figures splashed on the pages of newspapers with no real evidence. This government thinks every nigerian is a phool. You have recovered this much money, and yet you were going from country to country to beg like a dog. And after they all turned you down, you then placed a fuel tax on Nigerians. Keep on fooling yourselves and the pathetic Yorubas. In 2019, you will see wehn.

and u be telling people around u,that u are civilized abi?

osita76:
something still beats my imagination in this whole scenario, if as claimed that such amount has been recovered why then is the government of the day complaining of lack of funds for the implementation of the budget, if the said recovered amount exists then it should serve as alternative in bringing the budget deficit only if they are telling us the truth because this regime is synonymous with falsehoods

Will u just spend without presenting it as exhibitnin court ?

No matter the falsehood APC spread, that PDP stole money from the treasury is not one of them.

buharifraud:
Feasibility studies. Look at this clown. Have you not noticed that your ministers and the FG have lost enthusiasm and hope. They are clueless on what to do, they have no money to even guess what to do, and are not even sure of what should be done. Don't worry, keep on fooling yourself, abi we are in this country.

an ipob on the loose..

Akshow:
I'm trying to figure out the reason for the "pathetic yoruba" in ur incoherent senseless rants. Anyways, I'm not surprised. your post shows ur emotional n psychological depth. It shows u are bereft of logical thinking and just a loose kid with mb, ranting and hating like he has been taught at home for no just cause. News flash, Your wailing just started. You still have approximately three years more to wail cos it's obvious you are decided not to see anything good in this govt and yorubas.




God bless you Mr president.

I thought you didn't believe in God!

Get your sh*t together bro

ArmedRobber:
**** will they start spending the recovered loot just like that without doing feasibility studies on what to do with it.

LMAO @ feasibility studies on recovered funds.

Really? Feasibility studies? Hahahhahahahahh

obailala:
Only N78bn cash has actually been recovered, this story was actually being twisted for sensationalism. The rest trillions of the money was termed 'interim forfeiture,' made up of mainly funds belonging to alleged looters which were frozen. FG doesnt really have the right to touch those moneys, they still belong to the owners unless a law finds them guilty and orders them to forfeit the cash.

the APC led government thrives on propaganda and sensationalism as you put it.the idea behind this expose is to hoodwink Nigerians into believing that such amount was stolen and has been recovered .even international media outlets are reporting it like that.

eleojo23:
And despite this, they still said the country is broke?

I tire my Bro. APC don really really tire me

ArmedRobber:
Jesus..

Why economy no go crash.

E no go better for anybody wey dey support PDP..

And recovering of loots still going on,by the time dem finish..
E go reach 6trillion money for budget

....

Zombees wee comment


'God bless pmb' msheeeeeew

Good, so PMB can fund the budget now with this recovered money. All other income from sales of oil should go to foreign reserves, if we here again that Nigeria is broke then we will know finally that we have been scammed.

Pls tell me when am I going to get my own share from the money cuz me I don't want stories this time. Stories like we have invested 55b in power, 700b on road and transportation cuz this is how the money will disappear again.

Kullant:
....

It is not to just celebrate his achievement but the question is "what will he do with the recovered money? "

Haven watched Nigerian politicians over the years, I dare to say that this is political propaganda. Believe it at your own peril.
Insincere set of leaders.

Nigerians are not interested in figures but to do some meaningful things will benefit an average Nigerians. It seems this Government is clueless and visionless. All it knows how to is propagation of lies and heating of the polity.