FG releases interim report on recovered funds, assets
The Federal Government on Saturday announced the recovery of over N78.3 billion, $185.1 million, £3.5 million and 11. 2million Euros from looted funds between May 29, 2015, and May 25.
But the report did not mention from whom the funds were recovered.
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.