7 things you need to know if you want to be a whistle-blower7 things you need to know if you want to be a whistle-blower

Lai Mohammed, Minister of Information, said that the largest amount recovered was a sum of $136.7 million.

 The Nigerian government has launched a whistle-blower policy to boost its fight against corruption.

Minister of Information and Culture, Lai Mohammed said in February that the largest amount recovered due to the policy was a sum of $136.7 million which was found in in a commercial bank.

A whistle-blower also, on Wednesday, April 12, led the Economic and Financial Crimes Commission (EFCC) to a home in Ikoyi, Lagos where about $50 million was found hidden in fireproof safes.

Here are seven things you should know about the government’s whistle blower policy:

1. A whistle-blower is expected to provide information on cases of mismanagement of public funds and assets, financial malpractice or fraud, bribery and corruption among other things.
 

2. The policy does not apply to personal matters concerning private contracts or agreements.
 

3. A whistle-blower can submit information through an online portal on the ministry of finance website by email or by phone.

 4. A whistle-blower may choose to remain anonymous while providing information and is also entitled to protection.

    5. A whistle-blower is also entitled to a financial reward. If funds are voluntarily returned due to information provided by the whistle-blower, he may be entitled to between 2.5 percent and 5 percent of the amount recovered.

    6. The whistle-blower must provide the government with exclusive information that it does not already have and could not have obtained from any other public source.

    7 A whistle-blower who gives false or misleading information will be liable to investigation and possible prosecution.

Meanwhile, the Federal High Court in Lagos has ordered the temporary forfeiture of the $50 million recovered by the EFCC to the Federal Government.