Buhari Publishes Recovered Loots, hides Names of APC Chieftains

By Post Nigeria June 4, 2016 12:52

Buhari Publishes Recovered Loots, hides Names of APC Chieftains

President Muhammadu Buhari, has on Saturday, June 4, finally announced the total amount being recovered so far by his administration.

The names and details of the looters were however, not made open, as promised by the President.

Reports indicate that the decision of not make public the names behind the loots, might be because the names of some top All Progressives Congress, APC, members were ‎included.

Related: ‎Looters List: How Obasanjo, Amaechi, Others Finally Stopped Buhari

Recall, that Buhari had in London, promised to release details ‎of funds traced to and recovered in his May 29 speech‎, as part of his war against endemic graft.

However, the recoveries published by the Federal Ministry of Information, showed that the Nigerian government successfully retrieved a total cash amount of N78,325,354,631.82, $185,119,584.61, £3,508,355.46 and €11, 250, between May 29, 2015 and May 25, 2016.

Also released, were recoveries under interim forfeiture, which were a combination of cash and assets, during the same period: N126,563,481,095.43, $9,090,243,920.15, £2,484,447.55 and €303,399.17.

Anticipated repatriation from foreign countries totaled: $321,316,726.1, £6,900,000 and €11,826.11.

The ministry also announced that 239 non-cash recoveries were made during the one-year period.

The non-cash recoveries include – farmlands, plots of land, uncompleted buildings, completed buildings, vehicles and maritime vessels, the ministry said.

The statement added, that‎ 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.

The Minister of Information and Culture, Lai Mohammed, also disclosed that recoveries under interim forfeiture (cash and assets) during the period totalled 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 further showed that, non-cash recoveries (Farmlands, Plots of Land, Uncompleted Buildings, Completed Buildings, Vehicles and Maritime Vessels) during the period, totalled 239.