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| Pic Credit Aljazeera |
The Federal Government of Nigeria has released the
statement below detailing assets recovered from corrupt officials of the past
administration.
Read full statement 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.
It showed that Non-Cash Recoveries (Farmlands, Plots of Land, Uncompleted Buildings, Completed Buildings, Vehicles and Maritime Vessels) during the period total 239.
INTERIM REPORT ON FINANCIAL AND ASSET
RECOVERIES MADE BY THE FEDERAL GOVERNMENT OF NIGERIA FROM 29 MAY 2015 TO 25 MAY
2016
Cash Recoveries
Serial
|
Items
|
Naira
|
US Dollar
|
GB Pounds
|
Euro
|
1
|
EFCC Cash at hand
|
39,169,911,023.00
|
128,494,076.66
|
2,355
|
11,250
|
2
|
Royalty/tax/payment to FGN account in JP Morgan
account New York
|
4,642,958,711.48
|
40,727,253.65
|
||
3
|
ONSA Funds Recovery Account in CBN
|
5,665,305,527.41
|
8,000,000.00
|
||
4
|
VAT recovered from companies by ONSA
|
529,588,293.47
|
|||
5
|
EFCC Recovered Funds Account in CBN
|
19,267,730,359.36
|
455,253.80
|
||
6
|
ICPC Revenue Collection Recovery in CBN
|
869,957,444.89
|
|||
7
|
Office of the Attorney General
|
5,500,000,000
|
5,500,000
|
||
8
|
DSS Recoveries
|
47,707,000.5
|
1,943,000.5
|
3,506,000.46
|
|
9
|
ICPC Cash Asset Recovery
|
2,632,196,271.71
|
|||
Total
|
78,325,354,631.82
|
185,119,584.61
|
3,508,355.46
|
11,250
|
Recoveries Under Interim Forfeiture
Serial
|
Items
|
Naira
|
US Dollar
|
GB Pounds
|
Euro
|
1
|
Cash in bank under interim forfeiture
|
8,281,577,243.92
|
1,819,866,364.73
|
3,800.00
|
113,399.17
|
2
|
Amount frozen in bank
|
48,159,179,518.90
|
7,131,369,498.49
|
605,647.55
|
|
3
|
Value of properties under interim forfeiture
|
41,534,605,998.00
|
77,844,600.00
|
1,875,000.00
|
190,000.00
|
4
|
Value of cars under interim forfeiture
|
52,500,000.00
|
|||
5
|
ONSA Funds under interim forfeiture
|
27,001,464,125.20
|
43,771,433.73
|
||
6
|
Value of Assets Recovered by ONSA
|
512,000,000.00
|
|||
7
|
ONSA Assets under interim forfeiture
|
260,000,000.00
|
|||
8
|
DSS Recoveries Frozen in Banks
|
658,929,000.00
|
226,476.20
|
||
9
|
EFCC Cash in Bank under final forfeiture
|
103,225,209.41
|
17,165,547.00
|
||
Total
|
126,563,481,095.43
|
9,090,243,920.15
|
2,484,447.55
|
303,399.17
|
|
Grand Total
|
204,888,835,727.25
|
9,275,363,504.76
|
5,992,803.01
|
314,649.17
|
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