₦airaland Forum

mikeljims:
I thought you didn't believe in God!

Get your sh*t together bro

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

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

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.

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.

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/

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.

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!

mandax:
What promise is Buhari keeping?

One of his genuine promises is to make one Naira equal to one Dollar.

Recovery of money made by previous administration but stolen by politicians is not fulfilling his promise.

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.

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

These may just be fabricated figures.

anigbajumo:


Lol,somehow pathetic... Vanguard news has done more harm than good to our society.

PMB never promised to equate one dollar to one naira.This is PMB statement in oweri during d last presidential campaign.

"It is sad that the value of the naira has dropped to more than N230 to one dollar; this does not speak well for the nation’s economy,’’ he said.

How does this statement tantamount to equal one dollar to one naira.??

If u doubt me,check d link below or show me vedio evidence where PMB made such promise...

http://www.vanguardngr.com/2015/03/ill-make-naira-equal-in-value-to-dollar-says-buhari/

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

These may just be fabricated figures.

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.....!!

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.....!!

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.

Luukasz:
And yet they say change is nowhere to be found. Slow and steady wins the race, I will keep on saying it and won't stop.
What Buhari will achieve in the next 3yrs none of is predecessors achieved it.
As for PDP and some Nigerians who have taken buhari for a magician, when that time comes I'll remember y'll.

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.

Luukasz:
And yet they say change is nowhere to be found. Slow and steady wins the race, I will keep on saying it and won't stop.
What Buhari will achieve in the next 3yrs none of is predecessors achieved it.
As for PDP and some Nigerians who have taken buhari for a magician, when that time comes I'll remember remind y'll.

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/

shaqhead:
Ele as much u are entitled to an opinion am surprised that such an opinion is coming from you!

Why are states struggling to pay salary if the country is not broke? And remember it started before PMB said that.

This is an interim report detailing what was RECOVERED, (this is almost half of this years budget) and recovered monies have their legal dirt to be cleared before Nigeria can take full ownership of it. This necessitated the non- publishing of the names of the folks responsible for this heist!

Fabricated figures? Hmm...smh

PassingShot:
PDP had an agenda to bankrupt Nigeria.

Can anyone imagine the useless party claiming the recovery was a lie?
How possible for anyone to say he has recovered monies with him if he doesn't? PDP as a party cannot be taken serious by any serious person.

We need credible opposition parties. Not the loquacious PDP.

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

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

eleojo23:
And despite this, APC still said the country is broke?
These may just be fabricated figures.