The Federal Government has said that it would review the investigative framework of the whistle-blower policy to make its implementation more effective.
The Minister of Finance, Kemi Adeosun, made this known on Friday during an evaluation workshop on the whistle-blower policy and asset tracing team organised by the Presidential Advisory Committee Against Corruption.
Adeosun disclosed that since the policy was introduced in December 2016, the Federal Government has received 8,373 enquiries and 1,231 tips.
She added that that out of these tips a total of 791 investigations had been carried out while 534 of those investigations had been concluded.
Adeosun said as a result of these investigations, the Federal Government had recovered the sum of N7.8bn, $378m and £27,800 respectively.
The minister noted that while the Federal Government viewed the policy as being successful, there is still work to be done.
She said the Federal Government would focus more on tight control measures that would make it difficult for a few people to take away assets that belong to an entire country.
“The whistle-blower policy is aimed that improving institutional governance, strengthening mechanisms for the fight against corruption and supporting the implementation of open government partnership principles in advancing anti-corruption reforms.
“The Federal Government has recovered directly, as a result of tips received from whistle-blowers, the sum of N7.8bn, $378m and £27,800.
“We will begin to focus more on preventive measures, putting in place tight control measures, making it difficult for a few people to take away assets that belong to an entire country. In addition to this, investigation framework of the whistle-blower policy will be reviewed.”
She added that the Federal Government would continue to work with all stakeholders to improve the effectiveness of the policy, stating that required institutions and tools to achieve the objectives would be put in place.