Breaking: FG Publishes List of recovered assets

 

The Nigerian government through the Minister of Information, Lai Mohammed today Saturday June 4th partially released list of funds recovered from corrupt former government officials as part of the government's war against corruption. Although names of the people the assets were recovered from were left out of the list. Read the official statement below...

The Federal Government made cash recoveries totaling:

N78,325,354,631.82 (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);

$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.

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 (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 $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.

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