CHECK OUT the list of recovered loot

The Federal Government on Saturday
released the highly anticipated list of
recovered loot. In a statement by the
Minister of Information, Culture and
Tourism, Alhaji Lai Mohammed, the
government revealed the recoveries were
made between May 29, 2015 and May 25,
2016.
The government gave the breakdown of
the loot as N78, 325,354,631.82;
$185,119,584.61; £3,508,355.46 and €11,
250.
A conversion of the funds using the official
exchange rate of the Central Bank of
Nigeria, the amount adds up to
N115,792,760,499.
The Muhammadu Buhari-led government
added that a separate amount of cash and
assets worth over N2tn had also been
seized. However, the properties and cash
are under legal contention.
The assets and cash seized under interim
forfeiture totalled: $9bn, N126bn, £2.4m
and €303,399.
A conversion of the worth of assets and
cash seized based on the official CBN
exchange rate totalled: 1,918,113,864,063.
The government added that funds awaiting
return from foreign Jurisdictions total
$321,316,726.1; £6,900,000 and
€11,826.11.

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