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Nigeria govt retrieves over $583m of looted funds and other assets

Nigeria govt retrieves over $583m of looted funds and other assets

Nigeria

The Nigerian government has issued details of cash and asset recoveries made between 29 May, 2015 and 29 May, 2016.

A summary report on the recoveries were made public via the government’s official twitter handle.

Cash recoveries amount to some N78 billion, $185 million, £3.5 million and €11,000.

the tweets also indicate that the government is awaiting the repatriation of funds from foreign jurisdictions totaling some $320 million, £6.9 million and €11,800.

President Buhari had promised during a speech on Nigeria’s Democracy Day to provide details of all recovered stolen public funds as part of his war on corruption.