Home Top Stories FG releases interim report on recovery of looted funds, assets

FG releases interim report on recovery of looted funds, assets


Abuja  –   The Federal Government on Saturday said it recovered over N78.3 billion, 185.1 million dollars, 3.5 million pounds and 11. 2million Euros from looted funds between May 29, 2015 and May 25.
The revelation is contained in a statement issued in Lagos by the Minister of Information and Culture, Alhaji Lai Mohammed.
The minister said that the statement was based on the interim report on the financial and assets recoveries made by the various government agencies.
Mohammed also disclosed that recoveries under interim forfeiture (cash and assets) during the period totaled over N126.6 billion, 9.09 billion dollars, 2.5 million pounds and 303,399.17 Euros.
He said that funds awaiting return from foreign jurisdictions totaled over 321.3 million dollars, 6.9 million pounds and 11,826.11 Euros.
The minister disclosed that 239 assets, including farmlands, plots of land, uncompleted buildings, completed buildings, vehicles and maritime vessels were recovered during the period. (NAN)

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