Approximate Amount Of Looted Fund Recovered Through Whistle Blowing Policy Revealed

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The acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, says the EFCC has recovered at least N29bn based on tips from whistle-blowers.

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He, therefore, urged Nigerians to continue to help in the fight against corruption by providing information to the anti-corruption agencies.

Magu said this on Thursday in Abuja during the unveiling of Corruption Anonymous — a whistle-blower support project.

The launch was organised by the Africa Centre for Media and Information Literacy, with the active collaboration of relevant stakeholders including the EFCC, to give momentum to whistle-blower initiative of the Federal Government, which is already yielding positive results as a strategic tool in the efforts to reduce corruption in the country.

He said that since the commencement of the policy, the commission had received hundreds of actionable tips that led to the recovery of N527.6m, $52.2m, £21.2m and €547,000.

Magu, who was represented by Director, Public Affairs, Osita Nwajah, said that this project and the whistle-blower policy underscore the commission’s repeated admonition to Nigerians to come together in dealing with the cankerworm of corruption.

“In this modern time, we cannot fight corruption alone, but we need every Nigerian to join the anti-graft war because of the negative effect of corruption. Corruption does not discriminate against ethnicity, religion or political affiliation,” he said.

“At the EFCC we have created an environment where those who have information about corrupt practices can approach the commission, and confidently give us information that will be put into effective use,” he added.

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