The Federal Government says it has recovered more than ₦800 billion through its whistle‑blowing policy since the programme was launched.
The policy, introduced in December 2016, encourages members of the public to report financial misconduct, abuse of public resources and corruption in exchange for a share of recovered funds.
The minister in charge said the recovered funds represent money and assets voluntarily returned following credible tips from whistle‑blowers. He added that the recoveries reflect growing citizen participation and strengthened anti‑corruption mechanisms.
Under the policy, tip‑off providers may be entitled to between 2.5 and 5 per cent of the recovered amount if their information leads to a successful recovery that the government would not otherwise have made.
Recovered assets and funds are deposited into the Federal Government’s Asset Recovery Account, managed by the Office of the Accountant General and domiciled with the Central Bank of Nigeria.
Officials said the policy has not only recovered funds but also helped uncover concealed government resources and triggered broader investigations into alleged misconduct across public agencies.
The announcement coincides with ongoing efforts by the current administration to strengthen institutional measures against corruption and improve transparency in the management of public funds.
Experts emphasise that maintaining public confidence in the system, ensuring prompt rewards to informants and safeguarding their identities will be key to sustaining the policy’s effectiveness.
