An Interim Report of recovered loot have been released by FG

An interim report of looted assets and cash recovered by the Federal Government of Nigeria have been released to the general public...

Cash recoveries made from 29th May 2015 to 25th May 2016 total N78,325,354,631.82 in words (Seventy Eight Billion, Three Hundred and Twenty Five Million, Three Hundred and Fifty Four Thousand, Six Hundred and Thirty One Naira, Eighty Two Kobo) according to a press statement issued on Saturday by Segun Adeyemi, Special Assistant to tge Minister of Information and Culture.

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