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Magu: Over N30billion recovered through whistle-blowers so far

EFCC Chairman Ibrahim Magu

Mr. Ibrahim Magu, the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), said that over N30billion looted funds have been recovered so far through the whistle blowing policy.

He stated this on Thursday at the launch of the whistle-blower support project tagged ‘Corruption Anonymous’, organized by the African Centre for Media and Information Literacy (AFRICMIL), in partnership with the MacArthur Foundation.

“Since the commencement of the whistle-blower policy, we have received hundreds of actionable tips that led to the following cash recoveries: N527, 643,500; $53,222,747; GBP 21,222,890 and Euro 547,730,” Mr. Magu said.

The EFCC boss noted that the anti-graft has created an environment for people with information on looted public funds to approach the commission with confidence.

“I am glad to report that Nigerians have so far been very responsive. We have always treated every tip referred to us with strict sense of responsibility bearing in mind that such undertaking on the part of the whistle-blower is usually a matter of trust and even risk.

“At the same time, we have been careful not to be used by mischief makers who would want to abuse this process.

“Let me reiterate that just as there is consequence for corruption, there will be consequence for those who want to take advantage of this noble initiative in the fight against corruption to create mischief. We have responded to this possibility by developing a water-tight mechanism of both reporting and cross-checking information.”

“Through this window, we have seen many Nigerians whose motivation was not just to benefit from the recoveries, as promised by the federal government, but the satisfaction of having to see that what was ill-gotten has been recovered for the good of all.

“Those in this category were motivated by their sense of justice and overriding national interest, not the financial reward. We urge more Nigerians to borrow a leaf from these patriotic individuals.

“President Muhammadu Buhari during his October 1 national broadcast highlighted the Whistle-Blower Policy as one of the administration’s new institutional reforms to eradicate corruption in Nigeria,” Mr. Magu said.

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