Breaking: FG Releases Recovered Loot without Names of Looters

The Federal Government has finally released monies and non-cash items recovered from looters.

The statement released on Saturday by the Federal Minister of Information, however, did not name those from whom the monies were recovered.

The recoveries were done by the Independent Corrupt Practices and other related Commission (ICPC), the Economic and Financial Crimes Commission (EFCC) and Office of the National Security Adviser (ONSA)

According to the Minister of Information and Culture, Alhaji Lai Mohammed, recoveries under interim forfeiture (cash and assets) during the period totalled N126,563,481,095bn (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; and in dollars: $9,090,243,920bn (Nine billion, ninety million, two hundred and forty three thousand, nine hundred and twenty Dollars, fifteen cents; in Pound Sterling: #2,484,447.55 Pounds Sterling (Two million, four hundred and eighty four thousand, four hundred and forty seven Pounds, fifty five Pence) and in Euro: 303,399.17 Euros (Three hundred and three thousand, three hundred and ninety-nine Euros, 17 cents ).

The statement in full:

“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 release was signed by Segun Adeyemi, SA to Hon Minister of Information and Culture.

The non cash recoveries  by (ICPC) 22 farmlands, (ICPC) 4 plots of Land, (ICPC)1 uncompleted buildings, (ICPC)33;  (EFCC)145; (ONDA) 4 completed buildings; (ICPC) 22, (EFCC) 3 vehicles and (EFCC) 5 maritime vessels: Total (ICPC) 82; (EFCC) 153; (ONDA) 4


All were computed in a table.

Author: News Editor

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