EFCC Recovers N527bn, $53m, £122,880 Via Whistle-Blowing Policy

Eniola Olayemi

Acting chairman of Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has said that over N527 billion, $53 million and £122,880 has been recovered through whistle-blowing policy which the current government initiated in December 2016.

Magu made the disclosure when he spoke during a town hall meeting in Port Harcourt on whistle-blowing and the fight against corruption in Nigeria.

According to the EFCC boss, the anti-graft agency in may last year, recovered the sums following reports by members of the public against corrupt persons with fraudulent money.

“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,” he said.