FG To Reveal Amount Recovered From Treasury Looters

The Accountant General of the Federation, Ahmed Idris, urged Nigerians to exercise more patience in their quest to know the amount of money the federal government had so far recovered from treasury looters.

Idris 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.”

Meanwhile, the Permanent Secretary, Federal Ministry of Finance, Dr. Mahmud Isa-Dutse, gave details on the February allocation saying, 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.