EFCC reveals how to make money through whistle blowing

The Economic and Financial Crimes Commission, EFCC, has urged
Nigerians to engage in whistle blowing.

The commission made the appeal in a series of tweets on its
Twitter account, @officialEFCC.

It said aside being a patriotic duty, Nigerians can also make
good money when they report corruption and stealing.

EFCC also replied some enquires on the whistle blowing
policy.

The questions were: how much has been paid so far to
Whistleblowers? How much do I get for blowing that whistle? Is
there any protection for the Whistleblower? Where and how do I file
a report?

Recall that the Federal Ministry of Finance, in June, confirmed
release of N375.8million to the first batch of 20 providers of
information under the Whistleblower Policy.

The payment, of various amounts totalling N375,875,000, relate
to the recovery of N11,635,000,000 .

Minister for Finance, Kemi Adeosun said: “This payment, which is
the first under the Whistleblower Policy, underscores the
commitment of the President Muhmmadu Buhari-led administration in
meeting obligations to information providers under the
Whistleblower Policy”.

“The policy is an essential tool in the fight against
corruption.”

She disclosed recent amendments to the Whistleblower Policy
which includes the introduction of a formal legal agreement between
information providers and the Federal Government, which is executed
by the Minister of Justice and Attorney-General of the
Federation.

Adesoun added that procedures have also been introduced to
ensure the protection of the identity of information providers
during the payment process.

The Minister explained that all payments are taxable and are
only made upon confirmation of the final recovery of assets as
confirmed by the Attorney-General of the Federation as being free
of legal disputes or litigation.

The Economic and Financial Crimes Commission, EFCC, has urged
Nigerians to engage in whistle blowing.

The commission made the appeal in a series of tweets on its
Twitter account, @officialEFCC.

It said aside being a patriotic duty, Nigerians can also make
good money when they report corruption and stealing.

EFCC also replied some enquires on the whistle blowing
policy.

The questions were: how much has been paid so far to
Whistleblowers? How much do I get for blowing that whistle? Is
there any protection for the Whistleblower? Where and how do I file
a report?

Recall that the Federal Ministry of Finance, in June, confirmed
release of N375.8million to the first batch of 20 providers of
information under the Whistleblower Policy.

The payment, of various amounts totalling N375,875,000, relate
to the recovery of N11,635,000,000 .

Minister for Finance, Kemi Adeosun said: “This payment, which is
the first under the Whistleblower Policy, underscores the
commitment of the President Muhmmadu Buhari-led administration in
meeting obligations to information providers under the
Whistleblower Policy”.

“The policy is an essential tool in the fight against
corruption.”

She disclosed recent amendments to the Whistleblower Policy
which includes the introduction of a formal legal agreement between
information providers and the Federal Government, which is executed
by the Minister of Justice and Attorney-General of the
Federation.

Adesoun added that procedures have also been introduced to
ensure the protection of the identity of information providers
during the payment process.

The Minister explained that all payments are taxable and are
only made upon confirmation of the final recovery of assets as
confirmed by the Attorney-General of the Federation as being free
of legal disputes or litigation.