DAILY FILE – The acting Chairman, Economic and Financial Crimes Commission, Ibrahim Magu, has said the agency had recovered over N527bn, $53m and £122,89 through the whistle-blowing policy initiated by the Federal Government in December 2016.
Speaking in Port Harcourt during a town hall meeting on whistle-blowing and the fight against corruption in Nigeria, Magu stated that as of May last year, the commission had recovered the sums after members of the public reported corrupt persons with ill-gotten money.
Magu explained that the policy had created avenue for patriotic Nigerians to report criminal acts, which were inimical to the growth and development of the country.
He said, “As at May 2018, we recovered over N527bn, $53m and £122,89 through the whistle-blowing policy. More successes are being made and the response by members of the public to the policy has been very encouraging.
The government’s whistle-blowing policy, which was introduced in 2016, is geared towards fraud detection, tracking and reporting to appropriate agencies and to enable patriotic citizens to report criminal acts such as mismanagement or misappropriation of public funds and assets, like properties and vehicles; financial malpractice or fraud; collecting/soliciting bribes; corruption; diversion of revenues; unapproved payments; splitting of contracts; procurement fraud; kickbacks and over-invoicing.”
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