BOMBSHELL: Lai Mohammed Releases N3.57 Trillion Looters List And Abacha Loot Is...

BOMBSHELL: Lai Mohammed Releases N3.57 Trillion Looters List And Abacha Loot Is Highest [DOWNLOAD]

Lai Mohammed Muhammadu Buhari
Lai Mohammed

Nigeria’s minister of information, Mr. Lai Mohammed has presented the highly anticipated looters list of alleged stolen government funds recovered, including pending recoveries, and frozen accounts and assets by the federal government.

The list presents in totality – for the items that have monetary value beside them – a whopping total of N3.57 trillion naira. Our editors used the prevailing free market exchange rates for dollars (N350), UK pounds (N500) and euro (N400). According to Lai Mohammed this list covers the period of May 29, 2015 to May 25, 2016.

This looters list was promised by President Muhammadu Buhari during his March 2016 trip to the UK where he attended an international anti-corruption summit hosted by the UK prime minister, Mr. David Cameron. While speaking with a group of journalists, Buhari promised to reveal the looters list on Democracy Day, May 29, 2016. But the president failed to do so.

Following backlash from Nigerians over Buhari’s failed promise and failed attempts by the president’s surrogated to back out from the promise, Lai Mohammed was forced to say on Channels TV that he was going to present the looter’s list on this past Thursday. He failed on the promise.

But, Saturday morning, a press release from the office of the information minister was delivered to The Trent containing a document named “loot recovery”.  The contents of that document are published below, unedited.

It is important to note that Nigerians expected to see names of alleged looters and amounts recovered from them. Many people are sceptical about the information provided by the Buhari government in promoting the president’s anti-corruption credentials.

Mr. Mohammed and other officials in Buhari’s government are known for peddling fictitious figures in the quest to boost Buhari’s public image as a anti-corruption czar.

You may download Lai Mohammed’s looters list HERE.

Lai Mohammed’s Looters List

LOOTING: FG RELEASES INTERIM REPORT ON FINANCIAL, ASSETS RECOVERIES

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.

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; $9,090,243,920.15 (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 ).

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 (Three hundred and twenty one million, three hundred and sixteen thousand, seven hundred and twenty six Dollars, one cent); 6,900,000 Pounds (Six million, nine hundred thousand Pounds) and 11,826.11 Euros (Eleven thousand, eight hundred and twenty six Euros, 11 cents).

It showed that Non-Cash Recoveries (Farmlands, Plots of Land, Uncompleted Buildings, Completed Buildings, Vehicles and Maritime Vessels) during the period total 239.

The following is the breakdown of the recovered cash and assets: 

INTERIM REPORT ON FINANCIAL AND ASSET RECOVERIES MADE BY THE FEDERAL GOVERNMENT OF NIGERIA FROM 29 MAY 2015 TO 25 MAY 2016

Cash Recoveries

Serial Items Naira US Dollar GB Pounds Euro
1 EFCC Cash at hand 39,169,911,023.00 128,494,076.66 2,355 11,250
2 Royalty/tax/payment to FGN account in JP Morgan account New York 4,642,958,711.48 40,727,253.65
3 ONSA Funds Recovery Account in CBN 5,665,305,527.41 8,000,000.00
4 VAT recovered from companies by ONSA 529,588,293.47
5 EFCC Recovered Funds Account in CBN 19,267,730,359.36 455,253.80
6 ICPC Revenue Collection Recovery in CBN 869,957,444.89
7 Office of the Attorney General 5,500,000,000 5,500,000
8 DSS Recoveries 47,707,000.5 1,943,000.5 3,506,000.46
9 ICPC Cash Asset Recovery 2,632,196,271.71
Total 78,325,354,631.82 185,119,584.61 3,508,355.46 11,250

 

Recoveries Under Interim Forfeiture

Serial Items Naira US Dollar GB Pounds Euro
1 Cash in bank under interim forfeiture 8,281,577,243.92 1,819,866,364.73 3,800.00 113,399.17
2 Amount frozen in bank 48,159,179,518.90 7,131,369,498.49 605,647.55
3 Value of properties under interim forfeiture 41,534,605,998.00 77,844,600.00 1,875,000.00 190,000.00
4 Value of cars under interim forfeiture 52,500,000.00
5 ONSA Funds under interim forfeiture 27,001,464,125.20 43,771,433.73
6 Value of Assets Recovered by ONSA 512,000,000.00
7 ONSA Assets under interim forfeiture 260,000,000.00
8 DSS Recoveries Frozen in Banks 658,929,000.00 226,476.20
9 EFCC Cash in Bank under final forfeiture 103,225,209.41 17,165,547.00
Total 126,563,481,095.43 9,090,243,920.15 2,484,447.55 303,399.17
Grand Total 204,888,835,727.25 9,275,363,504.76 5,992,803.01 314,649.17

 

Funds Awaiting Return From Foreign Jurisdictions

Jurisdiction US Dollar GB Pounds Euro
1 Switzerland 321000000
2 UK 6900000
3 UAE 310501 11826.11
4 USA 6225.1
Total 321,316,726.1 6,900,000 11,826.11

Non Cash Recoveries      

Serial Items   Quantity
    ICPC EFCC ONSA
1 Farmland 22    
2 Plot of Land 4    
3 Uncompleted Building 1    
4 Completed Building 33 145 4
5 Vehicles 22 3  
6 Maritime Vessels   5  
Total 82 153 4

Segun Adeyemi
SA to Hon Minister of Information and Culture
Lagos
4 June 2016



2 COMMENTS

Leave a Comment

To leave a comment anonymously, simple write your thoughts in the comments box below and click the ‘post comment’ button.

This site uses Akismet to reduce spam. Learn how your comment data is processed.