The Nigerian Federal Government on Wednesday approved a new policy on whistle-blowing that aims to encourage Nigerians to report financial and other related crimes to relevant authorities.
The highlight of the policy is that whistle-blowers whose revelations lead to recovery of money will be entitled to as much as 5 per cent of the recovered sum.
The policy was approved at the weekly meeting of the Federal Executive Council, chaired by President Muhammadu Buhari in Abuja.
Finance Minister Mrs Kemi Adeosun announced the new policy to correspondents at the end of the Council meeting saying it was being put in place “in conjunction with the Attorney General of the Federation and Minister of Justice”.
She said the policy is a stopgap initiative until the National Assembly formally passes a law on whistle-blowing.
The minister explained that it would encourage Nigerians with information on financial crimes to disclose it with the aim of strengthening the fight against corruption by the Buhari administration.
According to the minister, the government will set up a website and provide a phone number and email for people to use adding that anonymity and protection of whistle-blowers would also be guaranteed.
Credit photo: Jawhara