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

1EFCC Cash at hand39,169,911,023.00128,494,076.662,35511,250

2 Royalty/tax/payment to FGN account in JP Morgan account New York4,642,958,711.4840,727,253.65

3 ONSA Funds Recovery Account in CBN5,665,305,527.418,000,000.00
4 VAT recovered from companies by ONSA529,588,293.47
5 EFCC Recovered Funds Account in CBN19,267,730,359.36455,253.80
6 ICPC Revenue Collection Recovery in CBN869,957,444.89
7 Office of the Attorney General5,500,000,0005,500,000
8 DSS Recoveries47,707,000.51,943,000.53,506,000.46
9 ICPC Cash Asset Recovery2,632,196,271.71
Total 78,325,354,631.82185,119,584.613,508,355.4611,250
Recoveries Under Interim ForfeitureSerialItemsNairaUS DollarGB PoundsEuro1Cash in bank under interim forfeiture8,281,577,243.921,819,866,364.733,800.00113,399.172Amount frozen in bank48,159,179,518.907,131,369,498.49605,647.55
3Value of properties under interim forfeiture41,534,605,998.0077,844,600.001,875,000.00190,000.004Value of cars under interim forfeiture52,500,000.00
5ONSA Funds under interim forfeiture27,001,464,125.2043,771,433.73
6Value of Assets Recovered by ONSA512,000,000.00
7ONSA Assets under interim forfeiture260,000,000.00
8DSS Recoveries Frozen in Banks658,929,000.00226,476.20
9EFCC Cash in Bank under final forfeiture103,225,209.4117,165,547.00
Total126,563,481,095.439,090,243,920.152,484,447.55303,399.17
Grand Total 204,888,835,727.259,275,363,504.765,992,803.01314,649.17
Funds Awaiting Return From Foreign Jurisdictions
JurisdictionUS DollarGB PoundsEuro1Switzerland321000000
2 UK 6900000
3 UAE 310501 11826.114

USA 6225.1
Total 321,316,726.16,900,00011,826.11
Non Cash Recoveries SerialItems
Quantity

ICPCEFCCONSA1Farmland22

2 Plot of Land4

3 Uncompleted Building1

4 Completed Building331454

5 Vehicles223
6 Maritime Vessels
5 Total 821534

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