In a statement issued in Lagos on Sunday, the Minister said the looted funds, which do not include the $9.2 million in cash allegedly owned by a former Group Managing Director of the NNPC (which was also a dividend of the whistle-blower policy),
were recovered from just three sources through whistle-blowers who gave actionable information to the office of the Minister of Justice and Attorney-General of the Federation.
The biggest amount of $136,676,600.51 was recovered from an account in a commercial bank, where the money was kept under an apparently fake account name, followed by 7 billion Naira and $15 million from another person and 1 billion Naira from yet another.
''When we told Nigerians that there was a primitive and mindless looting of the national treasury under the last Administration, some people called us liars. Well, the whistle-blower policy is barely two months old and Nigerians have started feeling its impact, seeing how a few people squirrelled away public funds. It is doubtful if any economy in the world will not feel the impact of such mind-boggling looting of the treasury as was experienced in Nigeria.
''Yet whatever has been recovered so far, including the $9.2 million by the EFCC, is just a tip of the iceberg,'" Mohammed said.
He appealed to Nigerians with useful information on looted funds to continue to provide the authorities with such information, saying confidentiality will be maintained with regards to the source of the information.
The Minister also reminded Nigerians of the financial reward aspect of the policy, saying:
''If there is a voluntary return of stolen or concealed public funds or assets on the account of the information provided, the whistle blower may be entitled to anywhere between 2.5% (Minimum) and 5.0% (Maximum) of the total amount recovered."
16 comments:
Oga minister forgot that your big grammar, just give that man his cut, simple as ABC
Gosh! Alhaji Mouth Odour has lied again
For what? For doing their duty as a patriotic citizen?! God please deliver us from these dumb leaders! And another round of looting is started. How do you account for these recovered loots, when you are already planning on how to take a percentage out of it? Criminals everywhere!!!
But that isn't what the last whistle blower got, inet??
Wow...
They now get a snitch paid!?
...this administration sef
Tomorrow he ask us where and when he lied....
Lie lie Mohammad is at it again, nonsense.
Okay..
LIAR!!! You're mates are saying 10% you're here seeking means of extorting from them
-D great anonymous now as Vivian Reginalds
What is happening to all the money and properties recovered? Put them back into the economy and get the country moving again and end recession. I hope Buhari and his team are not stealing the recovered loots. They should give proper account of those loots they recovered from those thieves.
Mmmh what's wrong with our learder?
Lie and Co, continue to confuse yourselves by your distractions u will soon wake up tomorrow when we start asking you for the recovered loot u just mentioned, and your response will be,'you were quoted out of context'.
please, did u promise protection for d whistle blower. hmmmmm
Do we have any law regarding accountability and disbursement of the loots recovered by the federal govt since the do not form part of the budget?
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may?? after risking their lives to expose corrupt and powerful people. May isnt good enough Mr Lai.Not good at all.
Double talk......Mr liar Mohammed when will you stop speaking from both sides of the mouth.....Infact, this Buhari and his sawdust brain ministers are confused........
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