Sunday, June 5, 2016 - 14:16
The new Nigerian government under the President Muhammadu Buhari has announced that it has recovered in its one year administration, N3.4million Naira from the previous administrations looted fund. In a statement by Alhaji Lai Muhammed, the looted funds were recovered between May 29, 2015 and May 25, 2016. Cash and assets totalling N3.4 Trillion have now been recovered, and the country awaits N115 Billions from countries where some of the looted funds were sent to. The countries are; Switzerland, United Kingdom, United Arab Emirates, and the United States.
Lai Muhammed gave the breakdown of the fund as N78, 325,354,631.82; $185,119,584.61; £3,508,355.46 and €11, 250.
See Infographics Of The Recovery
