 |
| President Muhammadu Buhari |
President Muhammadu
Buhari on Saturday partially fulfilled his promise to publish specific details
of funds traced to and recovered from corrupt former government officials as
part of his war against endemic graft.
Media
report continues:
The
names of the corrupt officials from whom the assets were recovered were however
not disclosed.
Details
of the recoveries, published by the Federal Ministry of Information,
showed that the Nigerian government successfully retrieved total cash
amount ₦78,325,354,631.82, US$185,119,584.61, £3,508,355.46 and €11, 250
between May 29, 2015 and May 25, 2016.
Also
released were recoveries under interim forfeiture, which were a combination of
cash and assets, during the same period: ₦126,563,481,095.43, US$9,090,243,920.15,
£2,484,447.55 and €303,399.17.
Anticipated
repatriation from foreign countries totaled: US$321,316,726.1, £6,900,000 and
€11,826.11.
The
ministry also announced that 239 non-cash recoveries were made during the
one-year period.
The
non-cash recoveries are – farmlands, plots of land, uncompleted buildings,
completed buildings, vehicles and maritime vessels, the ministry said.
Since
May 29, the president had endured intense criticism from the Nigerian
public who criticized him for failing to fulfill a promise he made on May 14 in
London.
Read
full statement below.
The
Federal Government made cash recoveries totaling ₦78,325,354,631.82 (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); US$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 totalled ₦126,563,481,095.43 (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 US$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
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
Lagos
4 June 2016
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