FG to Disclose Amount Recovered from Looters Soon

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FG, States, LGs share N345.096bn for Feb
Ndubuisi Francis in Abuja
The Accountant General of the Federation, Ahmed Idris, on Tuesday asked Nigerians to exercise more patience in their quest to know the amount of money the federal government had so far recovered from treasury looters.

He stated that the litigation hurdles associated with the looted funds would have to be scaled before Nigerians are availed of the figures.

Idris, who was responding to questions at the monthly Federation Account Allocation Committee (FAAC) meeting in Abuja, said: “Yes, the federal government is making recoveries and relevant agencies are also making recoveries.

“When I say relevant agencies, we all know them. People who are alleged to have defrauded the nation or taken Nigerian money, they are under litigation…,” he said.
According to him, until the litigations and  court processes are over, it would be difficult to give out the figures of what is recovered.

He, therefore, urged Nigerians in order to be given the real figures of recovered funds.
Idris said Nigerians were right to ask for what is recovered while the government is desirous of giving out the required information, but must allow the legal process to to run its course.

Giving the details of  the February allocation, the Permanent Secretary, Federal Ministry of Finance, Dr. Mahmud Isa-Dutse, said the gross statutory revenue of N270.499 billion received for the month was lower than the N290.961 billion received in the previous month by N20.462 billion.

He said the distributable statutory revenue was N270.499 billion, adding that the sum of N6.330 billion was refunded b the NNPC to the federal government.

“Also, there is an exchange gain of N3.485 billion which is proposed. The total distributable for the current month, including CAT is N345.085 billion,” he said.

The federal government got N127.2 billion, stares N64.518 billion and local governments N49.7 billion while 13 per cent Derivation is N22.78 billion.
AT is N64.781 billion while the Excess Crude Account (ECA) stands at $2.259 billion.

  • vic

    YES, IN BUHARI’S INTEREST, SOONER THE BETTER ALONG WITH THE NAMES OF LOOTERS AND MONEY RECOVERED FROM THEM AND WHICH FUND THE MONEY IS PUT IN AND HOW IT WILL BE SPENT?????

  • vic

    MR IDRIS, THE ACCOUNTANT GENERAL OF THE FEDERATION OF NIGERIA, YOU HAVE THE APPROVED LIST OF VERIFIED PENSIONERS WITH YOU.

    NOW THAT THE 2016 BUDGET HAS BEEN PASSED, MAKE SURE THAT LONGSTANDING HARMONIZED PENSION ARREARS AND ALSO OUTSTANDING 33% PENSION ARREARS OF ALL FEDERAL PENSIONERS ARE PAID IMMEDIATELY IN THE MONTH OF APRIL 2016 TO AVOID ANY POSSIBLE REBELLION AND BACKLASH FROM THE COUNTRY’S FEDERAL PENSIONERS WHO ARE NOW LOSING THEIR PATIENCE WITH YOU AND WILL DEMAND YOUR IMMEDIATE REMOVAL AS THE ACCOUNTANT GENERAL OF THE FEDERATION.

    YOU MUST REMEMBER, WE CANNOT CONTINUE TO HAVE DODGY AND CORRUPT ACCOUNTANT GENERALS IN THIS COUNTRY LOOTING THE PENSIONERS FUNDS OR WIRING THOSE FUNDS FOR SOMETHING ELSE. I HOPE, YOU ARE GETTING THIS MESSAGE LOUD AND CLEAR IN YOUR OWN INTEREST AND IN THE INTEREST OF THE FEDERAL PENSIONERS IN THE COUNTRY. TIME FOR TREASURY LOOTING IS NOW OVER.

  • Chijioke Oweregbulam

    Someone should please tell the Accountant General that Nigerians are no fools. We cannot wait till the litigations are over before being given progress report on recovered loot. The litigations we all know will take years to be concluded by which time this government’s tenure would have been over, the new government will tell us that the funds were not recovered by them. The government should give progress report on loot recoveries under the following headings;