N565bn 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.