Home / News From Nigeria / Local News / ₦565bn recovered loot forms part of 2017 budget – FG .
buhari

₦565bn recovered loot forms part of 2017 budget – FG .

This revelation was made in a revised Medium Term Expenditure Framework (MTEF) submitted to the National Assembly last week. The MTEF showed that the amount included $320million equivalent to N97.6 billion Abacha loot being expected from the Swiss government.

Minister of Budget and National Planning, Senator Udoma Udo Udoma said yesterday the money was almost ready. “It is virtually at hand… We believe we will get it,” he said.

The recovered funds included N261billion domestic recoveries and another N205.5 billion tagged “other FGN recoveries.”

Minister of Information and Culture, Alhaji Lai Mohammed in June revealed that the government had recovered cash totalling N78.3billion, $185million, 3.5million Pounds Sterling and 11, 250 Euros.

Crdt: DailyTrust

Send Money To Nigeria Free

About Lolade

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Enter Captcha Here : *

Reload Image

x

Check Also

cute nigerian man naija gist

Nigerian man stabbed to death in London

23-year-old Seun Isaiah McMillan was stabbed to death in Southgate, London on Tuesday night, May 2.  Homicide detectives believe he was attacked four miles away in a playing field at Masefield Crescent, near to his family home. Witnesses said they alert the police after a quarrel broke out “over money” between several teenage boys gathered in the park. A post-mortem examination on 4 May gave his reason for death as a single stab wound to the chest. On Tuesday, 2 May, police were ...