In keeping with its promise to give account of recovered funds from looters in the ongoing anti-corruption crusade, the Federal Government on Saturday released a breakdown of properties and other items recovered from public servants.
In a statement, the Minister of Information, Culture and Tourism, Alhaji Lai Mohammed, said the report covers recoveries made between May 29, 2015 and May 25, 2016.
The government gave the breakdown of the loot as N78, 325,354,631.82; $185,119,584.61; £3,508,355.46 and €11, 250.
A conversion of the funds using the official exchange rate of the Central Bank of Nigeria, the amount adds up to N115,792,760,499.
See Also: I Pity Lai Mohammed – Buhari
Alh. Mohammed added that a separate amount of cash and assets worth over N2tn had also been seized. However, the properties and cash are under legal contention.
The assets and cash seized under interim forfeiture totaled: $9bn, N126bn, £2.4m and €303,399.
A conversion of the worth of assets and cash seized based on the official CBN exchange rate totalled: 1,918,113,864,063.
The government added that funds awaiting return from foreign Jurisdictions total $321,316,726.1; £6,900,000 and €11,826.11.
Though the report does not go as far as mentioning the names of the alleged culprits as earlier anticipated, it still makes for interesting reading.
The table below shows a more graphic illustration:
|1||EFCC Cash at hand||
|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|
|6||ICPC Revenue Collection Recovery in CBN||869,957,444.89|
|7||Office of the Attorney General||5,500,000,000||5,500,000|
|9||ICPC Cash Asset Recovery||2,632,196,271.71|
Recovered funds 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|
Funds Awaiting Return From Foreign Jurisdictions
|Jurisdiction||US Dollar||GB Pounds||Euro|
Non Cash Recoveries
|2||Plot of Land||4|