Over N30 billion recovered through tips from whistle blowers – EFCC

The Acting Chairman of the Economic and Financial Crimes Commission, EFCC Ibrahim Magu, says more than N30 billion looted funds have been recovered since the commencement of the whistle blowing policy.

“Since the commencement of the whistle-blower policy, we have received hundreds of actionable tips that led to the following cash recoveries: N527, 643,500; $53,222,747; GBP 21,222,890 and Euro 547,730,” Mr. Magu said on Thursday at the launch of the whistle-blower support project.

Tagged ‘Corruption Anonymous’ (CORA), the project is being organised by the African Centre for Media and Information Literacy, AFRICMIL, in partnership with the MacArthur Foundation.

In a speech at the event, Mr. Magu said the EFCC has created an environment for those with information to approach the Commission, confident that the information they give would be put into effective use.

Thursday’s speech comes about two months after Mr. Magu some of the tip-offs passed to anti-graft detectives by whistle blowers were leading nowhere.

The EFCC chief, however, explained his stance at the event.

“I am glad to report that Nigerians have so far been very responsive. We have always treated every tip referred to us with strict sense of responsibility bearing in mind that such undertaking on the part of the whistle-blower is usually a matter of trust and even risk.

“At the same time, we have been careful not to be used by mischief makers who would want to abuse this process.

“Let me reiterate that just as there is consequence for corruption, there will be consequence for those who want to take advantage of this noble initiative in the fight against corruption to create mischief. We have responded to this possibility by developing a water-tight mechanism of both reporting and cross-checking information.”

He commended the initiators of the project, adding that “through this window, we have seen many Nigerians whose motivation was not just to benefit from the recoveries, as promised by the federal government, but the satisfaction of having to see that what was ill-gotten has been recovered for the good of all.

“Those in this category were motivated by their sense of justice and overriding national interest, not the financial reward. We urge more Nigerians to borrow a leaf from these patriotic individuals.

“President Muhammadu Buhari during his October 1 national broadcast highlighted the Whistle-Blower Policy as one of the administration’s new institutional reforms to eradicate corruption in Nigeria,” Mr. Magu said.

In his speech, Chido Onumah, Co-ordinator of AFRICMIL, said the anti-graft war has recorded a huge success through the whistle blowing policy.

Mr. Onumah said going by figures from the Presidential advisory Committee Against Corruption, PACAC, 2,150 tips had been received by the Ministry of Finance.

Despite the success recorded, Mr. Onumah said the policy still lacks proper awareness among Nigerians.

“Take a walk around town and ask Nigerians, chances are that nine out of ten would not have heard about the policy much less have any idea of how to submit tips.

“The second thing is the glaring absence of commitment to the safety and protection of whistle blowers. Most of those who are reported are often left to walk free and never invited for questioning, much less suspended from office as the public service rules recommended.”

While urging Nigerians to key into the whistle blowing policy, he said the CORA project is geared towards creating awareness and ensuring maximum protection for whistle blowers.

President Buhari announced the policy in December 2016. It encourages citizens to inform law enforcement authorities about suspicious activities of public treasury looters.

A maximum five per cent of the recovered sum was earmarked as reward for the whistle blower as part of the policy. In June, government announced payouts of N375.8 million to 20 whistle blowers.

Newsflash Nigeria is an online newspaper that is developed and written exclusively for Nigerians. It’s packed with up-to-the-minute Local and National Economy News, Share & Capital Market, Health, Sports, Education, Technology, Business and Opinions.

To make further advert enquiries or place an order, please contact us at [email protected] and +2348053316946 and WhatsApp number 08033546732


Agency Reporter

Newsflash247 Online Newspaper is a Nigerian online newspaper founded and published in Nigeria. The online newspaper started in May 2017. Website: https://newsflashuk.com. e-mail: [email protected] Office Cell Number: 08053316946. Facebook page: https://www.facebook.com/newsflash2471/ Twitter Page: https://www.twitter.com/newsflash2471/

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button