The Minister of Finance, Kemi Adeosun on Sunday, said that the recoveries which the Federal Government had made through the implementation of the whistle-blower policy, had exceeded its expectations.
Why it matters: The whistle-blower policy, which was launched in December 2016, is aimed at addressing the issues of corruption in the management of government resources.
In the article entitled, ‘Positioning Nigeria for a prosperous future’, Adeosun stated that the government was doing a lot to stop the level of corruption in the country.
As of June this year, the ministry said that the sum of N11.63 billion had been recovered under the whistleblower policy with about N375.8 million paid to 20 providers of information.
Adeosun said that the implementation of the Treasury Single Account (TSA) system had assisted the government in consolidating thousands of accounts scattered across Deposit Money Banks into a unified system that was transparent and easy to centrally monitor and track.
She said under the old system, it was common for government accounts to be converted into personal use, adding that with the TSA, this was no longer possible.
Omoleye Omoruyi… an apprentice web/game developer, novelist, sensitive to happenings in the world. Meet him @Lord_rickie on Twitter/Instagram