Thursday 22 December 2016

You Would Get 5% Of The Recovered Loot If You Blow The Whistle- FG

 
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.”

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. Others infraction, the minister said, included diversion of revenues; fraudulent and unapproved payments; splitting of contracts; and procurement fraud that included kickbacks and over-invoicing among others.

She explained that the information could be submitted through the online portal by e-mail or by phone. 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.
The finance minister added that the information, which could be submitted on condition of anonymity, could be submitted through documentary evidence and provision of specific and fact-based information such as what occurred, amount involved, who was involved and dates of occurrence on the portal.

 

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