Metro
Whistle blowers now to get 5% of recovered loot
President Muhammadu Buhari-led Federal Government as part of its anti-corruption drive has approved a new policy where whistle blowers who reveal financial and other related crimes to relevant authorities will get paid.
In the new policy, if a whistle-blower reports a financial crime and his revelation leads to recovery of money, he gets as much as five per cent of the recovered money.
The new policy which was approved during the Federal Executive Council (FEC) meeting on Wednesday, chaired by President Buhari, was made known to State House correspondents by the Minister of Finance, Kemi Adeosun.
According to her, the policy which is being put in place “in conjunction with the Attorney General of the Federation and Minister of Justice,” is a stop gap initiative until the National Assembly formally passes a law on whistle blowing.
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She further disclosed that the new policy allows Nigerians with information on financial crimes to disclose it, adding that the purpose was to strengthen President Buhari’s fight against corruption.
The Finance Minister also said that the Federal Government was going to host a website and provide a phone number and email through which whistle blowers can send in their revelations, promising anonymity and protection for anyone with any revelation.
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