BREAKING: Finally, Buhari reveals information on
recovered loots, (photos)

– The presidency finally revealed the first set of
information on loot recovered during the first year of
President Buhari’s administration
– Apart from cash in different currencies, the
administration also recovered assets from looters
– The president has vowed to continue the war
against corruption
The president Muhammadu Buhari-led federal
government has finally released the first set of
information on loot recovered during his
administration.
The president was expected to give this information
during his address on May 29 which commemorated
his first year in office but it was later revealed that
this would be done through the office of Mr Lai
Mohammed, who is the minister of information and
culture.
In a statement issued by the minister on Saturday,
June 4, it was revealed that the country had
recovered N78,325,354,631.82 and also $
185,119,584.61. Also 3,508,355.46 Pounds Sterling
and 11, 250 Euros were also recovered between
May 29 2015 and 25 May
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: