Finance Minister, Mr Kemi Adeosun, yesterday, told the World Bank and parliamentarians from across the world that the whistle-blowing policy of the Federal Government was very successful.
Speaking at the global parliamentary conference hosted on the sidelines of the World Bank and IMF spring meetings in Washington DC, the minister highlighted Nigeria’s economic reform agenda and the need for strong executive and legislative collaboration.
She said: “We are going after those who have stolen our money. We have put in place a very successful whistleblower programme that is delivering results, and allows those who report illicit activity to receive up to 5 percent any funds that we recover.
“We are also significantly improving our financial management controls to ensure that it is considerably more difficult for public funds to be diverted. We have to do more though and that means collaboration with the legislature.
“We need tighter tax and financial reporting legislation and to ratify bilateral agreements so that our enforcement agencies are empowered to deliver the results that we need.”
The whistle-blowing policy has aided the Economic and Financial Crimes Commission, EFCC, in making recoveries across the country.
Adeosun also called for greater focus on collaboration in battling illicit financial flows from Africa, adding that this was a core pillar of the government’s strategy to significantly enhance domestic government revenue and deliver sustainable economic growth.
She said: “The government is focused on resetting the Nigerian economy by addressing our traditional over-reliance on oil revenues and establishing the basis for sustainable non-oil revenue growth.
“To improve non-oil revenues, we have to address illicit capital flows. When stolen money is transferred from Nigeria, or other African countries, there are too few questions asked by those countries that receive the funds, but when we identify those funds as stolen and seek to recover them, there are too many questions being asked.
“There is money sitting in foreign bank accounts that we have spent over a decade trying to recover. That is money that could deliver significant value for Nigeria as we seek to increase spending on critical infrastructure and establish a basis for long term sustainable growth.”


http://www.vanguardngr.com/2017/04/chasing-stole-money-adeosun-tells-world-bank/

Cc lalastical mynd44

good

if only the project pace of non oil revenue generation could be match with as much effort as that of fund recovery,

the economic policies of the govt seem to be nothing short from unmeaningful.

#

they longer stash money abroad, but now in the most remote of place viz cemetery, airport, market etc.. THESE ARE NIGERIAN NEW BANK VAULTS

ALL SAID AND DONE. WE MUST COMMEND THE PERSON(S) THAT SUGGESTED THE WHISTLEBLOWING STRATEGY, IT HAS PROVEN ENOUGH USEFUL A- TOOL.

GOD BLESS NIGERIA!
GOD BLESS IT CITIZENS!

What happens when the money is recovered is very important because it is rather useless when it been stolen again.

the problem is the Russian roulette stunt you pull after they r found


play the more you look the less you understand with your gullible Zombies

2years no single sentence

pathetic just pathetic

Recovering money to be stolen again!!


Smh

No room for the wicked

Broken record.

Turenchi..grammar..fix the economy you screwed up.

agaba77:
Turenchi..grammar..fix the economy you screwed up.

Nah Elder Jonah and sister Ngozi that ruined our Economy

Xd

Splashme:
Xd

Dont forget to include in your long epistle that the world economy is shaky now as Ngozi baby is there with them now

sarrki:



Nah Elder Jonah and sister Ngozi that ruined our Economy

For how long will these your blame games continue

Is that not why your hero was elected, for two years now, what has he achieved?

As for that Kemi Adeosun, what has she achieved except her America English she's using to deceive you their followers?

Good morning!

sarrki:



Dont forget to include in your long epistle that the world economy is shaky now as Ngozi baby is there with them now

NOI might have her own share of blames as regards the incompetence of last administration, but for how long will that continue? Were you people elected to cast blames?

And then, comparing NOI with Kemi Adeosun is ridiculous, very ridiculous! There's a long gap between them! NOI is far far better than that your present finance minister?

#fact

if Nigeria government start speaking to any international forum or organization , foreigners will think that Nigerians are lucky and bless to have that utopian leaders but worst is the case if they try to visit and see how perfect government can be on papers but worst on implementation. To know a better government is when the citizens are better off than the previous administration.