said in February that the largest amount recovered due to the policy
was a sum of $136.7 million which was found in in a commercial bank.
whistleblower is expected to provide information on cases of
mismanagement of public funds and assets, financial malpractice or
fraud, bribery and corruption among other things.
The policy does not apply to personal matters concerning private contracts or agreements.
A whistleblower can submit information through an online portal on the ministry of finance website by email or by phone.
A whistleblower may choose to remain anonymous while providing information and is also entitled to protection.
whistleblower is also entitled to a financial reward. If funds are
voluntarily returned due to information provided by the whistleblower,
he may be entitled to between 2.5 percent and 5 percent of the amount
The whistleblower must provide
the government with exclusive information that it does not already have
and could not have obtained from any other public source.
A whistle-blower who gives false or misleading information will be liable to investigation and possible prosecution.
the Federal High Court in Lagos has ordered the temporary forfeiture of
the $50 million recovered by the EFCC to the Federal Government.