US$151m, N8b Looted Funds Recovered As FG's Whistle-Blower Policy Yields Fruit

The Federal Government's Whistle-blower policy has started yielding fruit as it has so far led to the recovery of US$151 million and 8 billion Naira in looted funds, the Minister of Information and Culture, Alhaji Lai Mohammed, said.

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.