We recovered another $151 million, N8 billion looted funds through whistle-blower - Lai Mohammed | Nigeria News Today. Your online Nigerian Newspaper f


The Federal Government said it recovered another 151 million dollars and N8 billion looted funds from three sources through whistle-blowers.

The Minister of Information and Culture, Alhaji Lai Mohammed disclosed this in a statement issued on Sunday in Lagos.

Mohammed sad actionable information given by whistle-blowers to the office of the Minister of Justice and Attorney-General of the Federation led to the recovery of the looted fund.

He said the looted funds do not include the 9.2 million dollars in cash allegedly owned
by a former Group Managing Director of the NNPC, also a dividend of the whistle-blower policy.

“The biggest amount of 136.7 million dollars was recovered from an account in
a commercial bank, where the money was kept under an apparently fake
account name.

“This was followed by N7 billion and 15 million dollars from another person and N1 billion from yet another,” he said.

The minister reiterated the position of government that there was a primitive and mindless looting of the national treasury under the last administration.

He said the whistle-blower policy has started yielding fruit, few months after its adoption by the government.

“The whistle-blower policy is barely two months old and Nigerians have started feeling its impact, 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 dollars by the EFCC, is just a tip of the iceberg,” he said.

The minister 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

He also reminded Nigerians of the financial reward aspect of the policy.

”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 per cent (Minimum) and 5.0 per cent (Maximum) of the total amount recovered,” he said. (NAN)

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  1. Mr Lie, how Will thật reduce the hunger in thế nation? All the stolen money You claim to recouver what did u do with them?

  2. Stupid blessedmike, you can see how myopic you can be. Do you want Lai to give the money to your foolish parent who did not trained you well. The little your father has he could not send you to finished your primary school, yet you are looking for big money. Your foolish father will used it to marry another woman since your harlot mother has ran away with another man. in the first place you are among those who said no money was looted and you are now asking of the recovered money, ain't you stupid?

    1. Ibuchi, thank you for that response

    2. Both of you are very STUPID. Continue in your Ignorance, when HUNGER kill your generation then you will begin to reason as humans. MUMUs!

    3. Ibuchi you don't even know your tenses and you claim Mike lacks primary education, I am sure you are a graduate, another product of miseducation... Their traits; easily persuaded by cheap propaganda, unwilling to accept mistakes, never interested in details/facts/proof and truth in which lies freedom, unfortunately, the country is full of them and democracy is a game of numbers, hence our present government, a true reflection of its people!

    4. Mr Buchi, compare your comment with the person u are against? People just type with their fingers without letting their head do the reasoning.

  3. Ibuchi and yany,two big fools...look at ibuchi asking Mike if he attended primary school,I laugh at your stupidity ibuchi,check your tenses,you can't even construct a proper sentence,what a shame..you cannot counter the argument presented with a good point of view,other than to call someones mother and father,you hopeless human being,and for you yany,you are just a stupid being,no need analysing your unfortunate situation...ewu...


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