Business Latest

FG recovers N605bn through whistleblower policy – Finance Minister

FG recovers N605bn through whistleblower policy – Finance Minister

The Federal Government has recovered the sum of N605 billion through its Whistleblower policy, the Minister Finance, Zainab Ahmed has said.

The minister disclosed this on Thursday in Abuja at a press briefing.

The Federal Government iniated the whistleblower policy in December 2016 in a bid to address the problem of corruption in the management of government resources.

She said among the figure was the savings of N8.3bn during the first quarter of 2019.

Read also: STAMP DUTY: Reps threaten bank CEOs with bench warrant

“As part of this administration’s zero tolerance on corruption, PICA’s findings on ghost workers have been acted on by convicting some civil servants and also there are some that are undergoing trial in the court while others are undergoing investigation by the Economic and Financial Crimes Commission.

“The whistleblower policy of the government subsists and it is still being implemented; the total amount of collection that has been made through various efforts in the whistleblower policy is about N605bn.

“This is an improvement over the last amount that was reported.”

Join the conversation

Opinions

About the author

Timothy Enietan-Matthews

Timothy is a versatile journalist, down to earth with a critical and curious mind.