Nigeria recovers N605 billion through whistle blowers policy

On December 21 2016, Nigeria’s Federal Government launched its Whistle-Blowing Policy, which was facilitated through the Federal Ministry of Finance and a whistle-blower who provides information about any financial mismanagement or tip about any stolen funds to the ministry’s portal is rewarded or entitled to 2.5% – 5% from the recovered funds by the government.

Around the world, whistleblowing is a key tool in fighting corruption and whistleblowers have been hailed as heroes for revealing corruption and fraud in organizations and for preventing potentially harmful mistakes from leading to disasters including Nigeria.

According to the minister of finance, Zainab Ahmed, the whistleblower policy of Nigeria government subsists and it is still being implemented. The total amount of collection that has been made through various efforts in the whistleblower policy is about N605 billion that this is an improvement over the amount that was recovered at the end of 2018, which was over N540 billion.

The government should ensure that people who blow the whistle are well protected; not just only keeping the identity of the individual confidential because witness protection is a much more serious matter and punish those who make false and malicious reports against innocent persons in corruption and related offences.

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