EFCC Recovers Over N30bn Through Whistle-blowers – Ibrahim Magu
Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has disclosed that over N30 billion looted funds have been recovered through whistle-blowers.
The anti-graft agency boss made this known at the launch of the whistle-blower support project tagged ‘Corruption Anonymous’ (CORA).
He said the EFCC has created an environment for those with information to approach the Commission, confident that the information they give would be put into effective use.
Magu said: ”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.”
”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,” he added.