FG Okays 5% Of Recovered Loot For Whistleblowers

The Federal Executive Council on Wednesday approved the Ministry of Finance Whistleblowing Programme that may see individuals, who voluntarily volunteers credible information on stolen or concealed funds, smiling home with between 2.5 per cent and five per cent of the funds when recovered.

The Minister of Information and Culture, Alhaji Lai Mohammed; Minister of Finance, Mrs. Kemi Adeosun; and the Minister of Power, Works and Housing, Mr. Babatunde Fashola, briefed State House correspondents at the end of the meeting presided over by President Muhammadu Buhari.

Adeosun said the programme was designed to encourage anyone with information about a violation, misconduct or improper activity that impacted negatively on Nigerians and government, to report such.

She said, “If there is a voluntary return of stolen or concealed public funds or assets on the account of the information provided, the whistleblower may be entitled to anywhere between 2.5 per cent (minimum) and 5.0 per cent (maximum) of the total amount recovered.

“You must have provided the government with information it does not already have and could not otherwise obtain from any other publicly available source to the government.”

The minister said the programme would serve as a stop-gap till a bill on the same matter, presently before the National Assembly, was passed into law.

She explained that there would be a secure online portal where the information could be submitted.

After submitting such information, she said the whistleblower could also check the status of his report on the portal.

Examples of information that could be submitted, according to the minister, are mismanagement or misappropriation of public funds and assets, including properties and vehicles; financial malpractice or fraud; collecting/soliciting bribes; and corruption.