The Federal Government has said that its Whistle-Blower policy is greatly yielding fruits as it has recovered US$151 million and 8 billion Naira looted funds.


The Minister of Information and Culture, Alhaji Lai Mohammed, in a statement on Sunday, said government’s Whistle-blower policy has started yielding fruit as it has so far led to the recovery of US$151 million and 8 billion Naira in looted funds, th.

The Minister said the looted funds, which do not include the $9.2 million in cash allegedly owned by a former Group Managing Director of the NNPC (which was also a dividend of the whistle-blower policy), were recovered from just three sources through whistle-blowers who gave actionable information to the office of the Minister of Justice and Attorney-General of the Federation.

The biggest amount of $136,676,600.51 was recovered from an account in a commercial bank, where the money was kept under an apparently fake account name, followed by 7 billion Naira and $15 million from another person and 1 billion Naira from yet another.

”When we told Nigerians that there was a primitive and mindless looting of the national treasury under the last Administration, some people called us liars. Well, the whistle-blower policy is barely two months old and Nigerians have started feeling its impact, seeing how a few people squirrelled away public funds. It is doubtful if any economy in the world will not feel the impact of such mind-boggling looting of the treasury as was experienced in Nigeria.

”Yet whatever has been recovered so far, including the $9.2 million by the EFCC, is just a tip of the iceberg,” Alhaji Mohammed said.

He appealed to Nigerians with useful information on looted funds to continue to provide the authorities with such information, saying confidentiality will be maintained with regards to the source of the information.

The Minister also reminded Nigerians of the financial reward aspect of the policy, saying ”If there is a voluntary return of stolen or concealed public funds or assets on the account of the information provided, the whistle blower may be entitled to anywhere between 2.5% (Minimum) and 5.0% (Maximum) of the total amount recovered”. http://www.vanguardngr.com/2017/02/fgs-whistle-blower-policy-yields-fruit-recovers-us151m-n8b-looted-funds/

Another lie from the lying master

There is confusion in the camps of the enemy

Jesus Christ of Nazareth



Why won't we be in recession

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babdap:
Another lie from the lying master

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Any news that makes wailing zombies have belly ache is either propaganda, lies or witch hunting.

Pathetic beings!

How easy is it for anyone to claim he has recovered monies he indeed hasn't?

If dem talk am, una go say una need picture.

If dem show una picture, una go ask for video.

If dem show video, una go ask for ...... erm, erm, erm

Dem take am swear for una?

Na wa for "Stealing is not Corruption" policy of the Ineffectual Buffon ooo!

Chai! How could we have not entered into recession?

GEJ was destined to sink Nigeria by all means.

Whether wailing zombies like it or not, PMB is the next best thing after slice bread.

My advice to the FG is to quickly, without wasting any time on processes and procedures, inject these recovered loots into the economy and let people feel the effect as soon as possible. No time to waste.

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”If there is a voluntary return of stolen or concealed public funds or assets on the account of the information provided, the whistle blower may be entitled to anywhere between 2.5% (Minimum) and 5.0% (Maximum) of the total amount recovered”

Just need further clarification on the above statement. What if the return of stolen funds is not voluntary? For instance, say the looter is taken to court and judgement is pronounced that funds/assets should be forfeited to govt, would that pass as "voluntary return"?

GEJ was indeed father Christmas. Everybody stole to their satisfaction since stealing is not corruption

Me just the envy those whistle blowers; I'd wish God will use me to expose someone who stole $2b dollar...... 5% loading