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. The
following is the breakdown of the recovered cash and assets:
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