OFFICIAL: FG Releases Figures, Detailing Amounts Recovered From Looters

The Federal Government of Nigeria has released the figures, detailing the amount of money recovered from the Nations stolen treasury in the past administrations.

The information was made available by Lai Mohammed
The information was made available by Lai Mohammed

The figures released is based on the interim report on the financial and assets recoveries made by the various government agencies from May 2015 to May 2016.


In an official statement released by the Minister of Information and Culture, Lai Mohammed, he disclosed that the government made cash recoveries totaling N78,325,354,631.82; $185,119,584.61; £3,508,355.46 and 11, 250 Euros from 29 May 2015 to 25 May 2016.

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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 and 303,399.17 Euros.

The funds awaiting return From Foreign Jurisdictions stood at $321,316,726.1; £6,900,000 Pounds and 11,826.11 Euros.

Furthermore, 239 non-cash recoveries were made during the said period.

The non-cash recoveries are farmlands, plots of land, uncompleted buildings, completed buildings, vehicles and maritime vessels

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Chukwuyem Ogala is a content writer at Edliner. A multifaceted personality with a degree in Economics. He has a strong passion for Rap music and sports. A big fan of the NBA, likes Rafael Nadal and has a crush on Serena Williams. Chuks just strives to be better and wants to be heard globally.

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