The Nigerian Government made good its promise to reveal the information about the assets recovered since the Muhammed Buhari-led government came into power on the 29th of may 2015.
The assets were recovered from corrupt former government officials as part of the government’s war against corruption.
Here is a summary of assets recovered between 29th May 2015 to 25th May 2016. It was released by the Minister of Information and Culture, Alhaji Lai Mohammed through his Special Assistant, Segun Adeyemi.
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 (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)
Recoveries under interim forfeiture (cash and assets) totalling
- 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 (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 ).
Funds awaiting return from foreign jurisdictions totalling
- $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 (Six million, nine hundred thousand Pounds) and
- 11,826.11 Euros (Eleven thousand, eight hundred and twenty six Euros, 11 cents).
Non-cash recoveries (Farmlands, Plots of Land, Uncompleted Buildings, Completed Buildings, Vehicles and Maritime Vessels) during the period total 239.
Here is a breakdown of the recovered cash and assets
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 | |
