Buhari “fulfills” promise, releases list of looted funds

Nigerian economy officially slides into recession

President Muhammadu Buhari has released what appears to be a part of the list containing information on looted funds recovered during his first tenure.

In a statement released by Minister of Information and Culture Alhaji Lai Mohammed today, it was gathered that the Buhari led administration has recovered N78 billion naira, $185 million dollars and also 3.5 million pounds sterling. As at the end of May 2016.

Read also: Full list of Lai Mohammed’s Tales by moonlight.

According to Lai Mohammed, “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.”

Lai Mohammed also stated that figures Under Interim Forfeiture (cash and assets) as at May 2016, stood at 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).

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Buhari had promised to name the looters our national treasury. This list is incomplete till Nigerians know the fellows who stole the monies, how much each stole and how much was returned.

See full list and details below:

recovered loot