The Economic and Financial Crimes Commission (EFCC) has recovered over N540 billion through the Whistle Blower Policy, as at May 2018, the information minister, Lai Mohammed, said on Tuesday.
President Muhammadu Buhari first made a similar declaration in May while delivering the Democracy Day speech, this year.
According to a statement from Mr Mohammed’s media assistant, Segun Adeyemi, the minister stated this at the 71st General Assembly of the Broadcasting Organisations of Nigeria (BON) in Port Harcourt, Rivers State.
Mr Mohammed, represented by Sunny Adejoh, also recounted his view of the many other achievements recorded by the anti-graft agency and other arms of government.
“To this end, as at May this year, the Economic and Financial Crimes Commission, EFCC, through the Whistle Blower Policy, has recovered
over N527 Billion, $53 million, and £122,890.” The whistle blower policy, which was introduced to aid the war against corruption, was said to have resulted in the recovery of N29 billion as at the end of October 2017. That figure was provided by the EFCC acting chairman, Ibrahim Magu. As at the end of March, the former finance minister, Kemi Adeosun, gave the total amount of recovered funds through the policy to be N7.8 billion, $378 million and £27,800. That figure, totalling N143 billion, was provided then as part of the activities of Presidential Initiative on Continuous Audit (PICA).
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