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Nigeria Recovers N7.8 Billion Stolen Funds Through Whistle Blowing Policy.

Vice President Yemi Osinbajo said yesterday that Nigeria recovered about N7.8 billion, $378 million and £27,800 through the Whistle-blower’s Policy launched by President Muhammadu Buhari in December 2016.

He also said the Federal Government met no savings in the accounts when the Buhari administration came on board.

Osinbajo spoke at the opening of the Open Government Partnership (OGP) Week holding at the Nigerian Air Force Headquarters, Abuja.

According to him, the Presidential Initiative on Continuous Audit (PICA), which oversees the Whistleblower’s Policy in the Ministry of Finance, has helped the government to save over N200 billion by eliminating ghost workers. PICA was established to clean up the payroll and pension system across all the ministries, departments and agencies.

Osinbajo said the government had included recovered assets in the country’s annual budget since 2017 and invested them in infrastructure as well as in the Social Investment Programme.

“All funds forfeited to the Federal Government are being included in our yearly budget proposals, for appropriation by the National Assembly,” he stated.

According to him, an executive bill has been sent to the National Assembly for the purpose of enacting a more comprehensive legislation on proceeds of crime.

Osinbajo said the Nigerian government was leveraging technology in a way that it had not been done before to underpin  President Buhari’s commitment to transparent and accountable governance.

He said: “Nigeria’s experience has shown that technology and innovation tools as well as social media platforms are changing the ways in which citizens engage with government, and empowering citizens and non-state actors to take a more active role in holding government to account.”

Osinbajo also said that the measures taken by the government to fight corruption since the inception of the administration in May 2015 included the implementation of the Single Treasury Account (TSA) “that existed mainly as an idea, without the appetite for serious implementation” and the establishment of the Presidential Advisory Committee Against Corruption ( PACAC).

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About Olaniyi Apanpa (474 Articles)
Olaniyi Apanpa is a media practitioner and sports enthusiast. Contact at greenballmedia51@gmail.com

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