E.R.R

E.R.R

Saturday, June 4, 2016

N2.987tr Cash And $9 Billion Worth Of Assets Recovered From Few Corrupt Nigerians In OneYear




The Federal Government between May 29, 2015 and May 29, 2016 recovered a total of N2.987 trillion in cash and $9 billion worth of assets from few corrupt Nigerians in the one year administration of President Muhammadu Buhari.Although, the government did not name the individuals and companies the cash were recovered from, Minister of Information and Culture, Lai Muhammed in a statement on Saturday said the fund were loots recovered from officials of the administration of former President Goodluck Jonathan.The minister gave the breakdown of the fund in liquid cash as 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)Assets recovered on the other hand 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).With this revelation, a handful of Nigerians stole appropriately N3trillion, half of the amount to be expended on the 2016 budget, which is meant to service 170million Nigerians.
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 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 Funds Awaiting Return From Foreign Jurisdictions Jurisdiction US Dollar GB Pounds Euro 1 Switzerland 321000000 2 UK 6900000 3 UAE 310501 11826.11 4 USA 6225.1 Total 321,316,726.1 6,900,000 11,826.11 Non Cash Recoveries Serial Items Quantity ICPC EFCC ONSA 1 Farmland 22 2 Plot of Land 4 3 Uncompleted Building 1 4 Completed Building 33 145 4 5 Vehicles 22 3 6 Maritime Vessels 5 Total 82 153 4 

Segun Adeyemi SA to Hon Minister of Information and Culture

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