Details of recovered loot for release on Saturday, tops N3t

The details of the loot recovered so far by the Federal Government through the anti-corruption agencies from past public office holders will be unveiled on Saturday (today), impeccable sources have told The Eagle Online.
According to available information as at press time on Friday, the Minister of Information and Culture, Alhaji Lai Mohammed, will release the details.
Sources told The Eagle Online that the compilation of the recovered loots was completed on Friday.

It was gathered that the recovered loot is in excess of N3 trillion, about half of the 2016 Budget.
The 2016 Budget, as approved by the Senate, is N6.06 trillion.
However, the recovered loot is not only in cash, it was gathered.
A source told The Eagle Online that part of the recovered loot included buildings, parcels of land, jewelries and wrist watches.
For instance, cash and property worth over N3 billion was said to have been recovered from a former Chief of the Air State, Air Marshal Adesola Amosu.
Some of the wrist watches, jewelries and other valuables reportedly recovered from a former Minister of Petroleum Resources, Deziani Alison-Madueke, had their value put at over £500 million.
A lot of other public office holders have voluntarily refunded cash.
This was said to be more so in the case of the $2.1 billion meant for the purchase of arms for the military to fight Boko Haram, but which was reportedly shared among chieftains of the then ruling Peoples Democratic Party and those of other parties for the propagation of the reelection bid of former President Goodluck Jonathan.
In the case of the $115 million given out to support the reelection bid of Jonathan also by Alison-Madueke, substantial recovery has also been made.
Some chieftains of the PDP and the Independent National Electoral Commission are said to have made refunds through the Economic and Financial Crimes Commission.
However, The Eagle Online was told that the names of those who made the refund will not be unveiled alongside the recovered loot.
President Muhammadu Buhari had in his Democracy Day broadcast told Nigerians that the recovered loot would be made public.
This was contrary to Buhari’s earlier promise that he would make the revelation himself in his Democracy Day broadcast.
The Presidency said the decision was shelved following advice on its legal implication.
The legal implication is also said to be responsible for the decision of the government not to publish the names of those from who the loot was recovered when Mohammed unveils the details on Saturday.