Nigerian Government Retrieves Over $583 Million Of Looted Funds And Other Assets

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.