The federal government has fulfilled its promise of releasing details of recovered assets.
In a statement issued by Lai Mohammed, minister of information, on Saturday, said that the current administration said it has made cash recoveries totaling N78 billion from May 29, 2015 when it came to power to May 25, 2016.
The statement also disclosed that recoveries under interim forfeiture (cash and assets) during the period totaled 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.
Big question is from whom were these monies recovered?
#clearthroat# I need to hear how these recoveries will cater for the well being of the poor. The kind of millions these people call sef. Odikwa risky.
I no know who dey still these billions o