THUR 03 FEB, 2022-theGBJournal- As at 2020, a total sum of N700 billion has been recovered through the Whistle-Blower Policy, according to the Minister of Information and Culture, Alhaji Lai Mohammed.
The Minister made the revelation during a press briefing in Abuja, Nigeria on President Muhammadu Buhari administration’s fight against corruption.
The Whistle-blower Policy is an initiative of the Federal Ministry of Finance, Budget and National Planning. The policy is meant to encourage the voluntary disclosure of information about fraud, bribery and looted government funds, including financial misconduct and any other form of corruption or theft.
The Whistle Blower whose information leads to recovery is entitled to 2.5 to 5% from the recovered funds. Information and tips received are usually referred to the EFCC, ICPC, and NFIU for further painstaking investigation.
‘’The policy has helped in the cleansing of IPPIS, led to compliance on TSA and enhanced the Procurement Act 2007,’’ Lai Mohammed said.
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