The Federal Government has released an interim report of recoveries of looted assets and monies, whose announcement was initially fixed for Democracy Day but passed by President Muhammadu Buhari, who shifted it to the Information Minister.
Cash recoveries made from 29 May 2015 to 25 May 2016 total N78,325,354,631.82; $185,119,584.61; #3,508,355.46 Pounds Sterling and E11, 250 Euros, according to a press statement issued on Saturday by Segun Adeyemi, Special Assistant to tge Minister of Information and Culture.
In the statement released in Lagos, 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; $9,090,243,920.15; 2,484,447.55 Pounds Sterling and 303,399.17 Euros.
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:
INTERIM REPORT ON FINANCIAL AND ASSET RECOVERIES MADE BY THE FEDERAL GOVERNMENT OF NIGERIA FROM 29 MAY 2015 TO 25 MAY 2016
Cash Recoveries
| erial |
| Naira |
|
|
|
| 1 | EFCC Cash at hand |
| 128,494,076.66 |
| 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 | | | |
| 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 |
| |
| 9 | ICPC Cash Asset Recovery | 2,632,196,271.71 | | | |
|
| 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 |
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