Saturday, 3 September 2016

Money recovered from looters, can’t revive economy says Presidency

The Minister of Information and Culture, Lai Mohammed was speaking on a News Agency of Nigeria (NAN) Forum in Abuja. He said What the gorverment have recovered and if my record is right is about N78 billion, and 3 million dollars.

In his words,
“We have been able to block various accounts in which about 9 billion dollar is found but
those are not money available to us because we are still in court over them.
“The government spends N165 billion every month to pay federal civil servants, even what has been so far recovered will not even pay 50 per cent of the salaries in a month.’’

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