Edichaj's Blog

The Federal Government said, yesterday, it had made cash recoveries totaling N78,325,354,631.82; $185,119,584.61; £3,508,355.46 and €11, 250, from looters of public treasury, from May 29, 2015 to May 25, 2016. The disclosure was in fulfillment of President Muhammadu Buhari’s promise to make public the details of the cash recoveries on his first anniversary in office. The President had said, in his broadcast to the nation on the first anniversary, that the details would be provided by the Federal Ministry of Information. Minister of Information and Culture, Alhaji Lai Mohammed, in a statement, also disclosed that Recoveries Under Interim Forfeiture (cash and assets) during the period totaled N126,563,481,095.43; $9,090,243,920.15; £2,484,447.55. According to the statement, said to have been based on the interim report on the financial and assets recoveries made by the various government agencies from May 29, 2015 to May 25, 2016, the Funds Awaiting Return From ...