“SHOW ME THE MONEY” BREAKDOWN OF TOTAL MISAPROPRIATED FUNDS RECOVERED SINCE 2015





It’s no secret that a new lucrative profession seems to be emerging in the Nigerian landscape, as sad as it is “Whistle blowing “has become the next best thing. 
With the disgraceful looting  of funds  by our corrupt public officials, the Ministry of Finance launched an effective whistleblowing programmeseveral months ago.

The initiative was birthed as a means of helping the nation get useful information aims by rewarding anyone who can provide information on stolen or concealed public assets.

So far this practice seems to be yielding positive result, with millions of naira discovered in abandoned luxury flats and graveyards the big picture of how massive the looters seem to have robbed the nation’s purse is now clear.

Now that we are retrieving these funds the big question seems to be what will be done to the perpetrators and how will these funds be utilized?


Data sourced from SBM Intel and Nairametrics has provided an itemized  breakdown of funds discovered since 2015 to give the public an idea of how astronomical the theft appears to have been.

October 4, 2015 (N1, 200,000) from former Minster of Petroleum, Diezani Madueke
February 6, 2016 (N25, 000,000) from Abba Dabo, former political adviser to ex-Vice president, Namadi Sambo
February 21, 2016 (N381, 000,000) from Mrs. Omolara Amosu, wife of former Chief of Air Staff, ($1,000,000) from former Chief of Air staff, Air Marshal Alex Badeh
May 24, 2016 (N10, 000,000) from Alhaji Ahmed Dandija
May 24, 2016 (N2, 000,000) from Nuhu Poloma
May 25, 2016 (N5, 000,000) from Bunu Mulima
June 6,2016
  • N10,061,172,600 from National Broadcasting Commission
  • N2,300,000,000 from ex-Chief of Air Staff
  • N900,000,000 from an ex-presidential aide
  • N750,000,000 from a businessman
  • N420,000,000 from an ex-Chief of Staff and others
  • N140,000,000 from an ex-Minister
  • N100,000,000 from an ex-military adiministrator
  • N359,000,000 from Oyo and Ogun INEC
  • N2,000,000 from a former Minister
  • N580,000,000 from a former Minister
  • $1,000,000 from an ex-governor of Delta state
  • N1,000,000 from a former State speaker
  • N2,500,000,000 from an account belonging to an housemaid of former Aviation Minister, Stella Oduah
  • £2,000,000 from a former state speaker

September 2, 2016 (N78, 000,000,000) from unknown persons in Abuja, ($3,000,000) from unknown persons in Abuja
September 4, 2016 (N10, 000,000) from Jumoke Akinjide
November 3, 2016 (N100, 000,000) from Musiliu Obanikoro
November 17, 2016 (N400, 000,000) from Olisa Metuh
November 26, 2016 (N6, 500,000) from Vice-Chancellor FUNAAB, Olusola Oyewole
November 30, 2016 (N30, 000,000) from Musiliu Obanikoro
December 3, 2016 (N1, 400,000,000) from Abdullahi Dikko
December 18, 2016 (N1, 150,000,000) from unspecified persons in Kano State
January 6, 2017 (N34, 000,000,000) from former Minster of Petroleum, Diezani Madueke
January 13, 2017 (N100, 000,000) from Jafaru Isa
February 3, 2017 ($9,800,000) from Andrew Yakubu, former NNPC MD, (£74,000) from Andrew Yakubu, former NNPC MD
February 7, 2017 (N111, 000,000) from 23 INEC officials in Rivers State
February 11, 2017 ($37,500,000) from former Minster of Petroleum, Diezani Madueke
February 12, 2017 (N8, 000,000,000) from unknown persons in Lagos state, ($151,000,000) from unknown persons in Lagos state
February 14, 2017 (N84, 000,000) from Air Commodore Gbadebo
March 13, 2017 (N49, 000,000) from unspecified persons at Kaduna Airport
April 9, 2017 (N448, 850,000) from unspecified persons at an empty shop in Lagos
April 11, 2017 (N4, 000,000,000) in a fixed deposit account domiciled in Guaranty Trust Bank
April 12, 2017 (N23, 218,000) in an apartment in Ikoyi, Lagos, ($43,600,000) in an apartment in Ikoyi, Lagos, (£27,800) in an apartment in Ikoyi, Lagos.

Approximately N169, 634,722,600, $260,900,000 and £2,101,800.

 

Data sourced from 
http://sbmintel.com/wp-content/uploads/2017/04/EFCC-recoveries.jpg
http://nairametrics.com/this-timeline-shows-all-efcc-recoveries-since-october-2016-and-their-worth/

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