The Federal Government on Saturday disclosed that it made cash recoveries totalling N78,325,354,631.82 ; $185,119,584.61 ; £3,508,355.46 and €11,250 from May 29, 2015 to May 25, 2016.
In a statement in Lagos, the Minister of Information and Culture, Alhaji Lai Mohammed, disclosed that Recoveries Under Interim Forfeiture (cash and assets) during the period totalled N126,563,481,095.43 ; $9,090,243,920.15 ; £2,484,447.55 and €303,399.17 .
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 ; £6,900,000 and €11,826.11 .
It showed that Non-Cash Recoveries (Farmlands, Plots of Land, Uncompleted Buildings, Completed Buildings, Vehicles and Maritime Vessels) during the period total 239.
Source: Leadership
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