The fight against corruption in Nigeria will take a new dimension as the Federal Government today approved a new policy on whistle blowing which aims at encouraging Nigerians to report financial and other related crimes to relevant authorities.
According to the new policy, whistleblowers, whose revelations lead to recovery of money, will be entitled to as much as 5% of the recovered sum.
The new policy was approved Wednesday at the meeting of the Federal Executive Council , chaired by President Muhammadu Buhari inside the Council Chamber of the Aso Rock Villa.
The Minister of Finance, Kemi Adeosun announced the new policy to State House correspondents. She said it is being put in place “in conjunction with the Attorney General of the Federation and Minister of Justice”.
She explained that the policy is a stop gap initiative until the National Assembly formally passes a law on whistle blowing.
Ms. Adeosun disclosed that the Federal Government will set up a website and provide a phone number and email for people to use.
The anonymity and protection of whistleblowers will also be guaranteed, she assured