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Your email address will not be published.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

new ig of police

Fashioner Designer Shot Dead By A Trigger-happy Police Officer At Birthday Party In Lagos

  Lagos – A 25-year-old fashion designer, Jamiu Ayoade, has been shot dead by way of a trigger-happy officer in Lagos, based on dependable sources. The sources said officer, who’s thought to be a senior officer at Ijeshatedo Divisional Police Headquarters (name withheld) allegedly shot and killed Ayoade on Sunday evening in the area. The incident which occurred at about 7.30 p.m. at No. 49, Wosilat Daudu St., Ijeshatedo, also left two persons injured.   The deceased, Ayoade had opted ...