criticism trail President Buhari's failure to unveil the list and names of past political office holders, civil servants and politicians, in what seems like a reversal of the decision earlier made, the president has back-pedalled and release information on loot recovered so far after one year of his administration.
Many Nigerians had expected this information from him during his nation-wide broadcast speech on May 29, 2016, to mark his one year anniversary in office but later told the nation that the Ministry of Information under , Alhaji Lai Mohammed will do that.
This decision, however, took the nation by a storm and attracted a lot of criticisms which informed the president's interest and desire to backpedal.
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.
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.
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 ).
'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).'
Non-Cash Recoveries (Farmlands, Plots of Land, Uncompleted Buildings, Completed Buildings, Vehicles and Maritime Vessels) during the period total 239.
Breakdown of the recovered cash and assets
Many Nigerians had expected this information from him during his nation-wide broadcast speech on May 29, 2016, to mark his one year anniversary in office but later told the nation that the Ministry of Information under , Alhaji Lai Mohammed will do that.
This decision, however, took the nation by a storm and attracted a lot of criticisms which informed the president's interest and desire to backpedal.
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.
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.
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 ).
'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).'
Non-Cash Recoveries (Farmlands, Plots of Land, Uncompleted Buildings, Completed Buildings, Vehicles and Maritime Vessels) during the period total 239.
Breakdown of the recovered cash and assets
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