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Showing posts from June, 2016

Nigeria Government Recovers N78, 325,354,631.82 From Looters

The Federal Government of Nigeria 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 eighty-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. In a statement in Lagos on Saturday, the Minister of Information and Culture, Alhaji Lai Mohammed, also disclosed that Recoveries Under Interim Forfeiture (cash and assets) during the period totaled 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,