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.
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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.
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The recovered funds included N261billion
domestic recoveries and another N205.5
billion tagged “other FGN recoveries.”
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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