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, 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 ).
It said financial and assets recoveries made by the various
government agencies from 29 May 2015 to 25 May 2016, were 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.
