Whistle-Blowers Guide To The $43.6 million EFCC Drama

Nairametrics| A whistle blower is defined as someone who raises concerns about a wrongdoing they know about in their workplace, another organization or somewhere else. Whistle blowing has been in practice since the 7th century when the Qui Tam Act in England provided for private citizens to expose any wrongdoing, in exchange for a reward.

The Buhari administration, upon inception, proclaimed that it would spare no effort in ensuring that corruption is eliminated and past offenders be brought to book. In a bid to support its anti-corruption drive, the Federal Government (FG) adopted the whistle blowing policy in December 2016, which allowed for protected disclosure of known corrupt acts. The policy, which explains how whistleblowing will work in the country, also promises a reward of between 2.5% and 5% of the total loot.

Since the announcement, the rate of discoveries of stashed monies has spiked, and it has now become almost a daily occurrence. In addition, the sums keep getting larger and larger. The latest discovery is that of about $43.6 million or N13 billion found in Flat 7B, No. 13 Osborne road, Osborne Towers, Ikoyi, Lagos by the Economic and Financial Crimes Commission (EFCC), whose Acting Chairman, Ibrahim Magu, has been denied confirmation as Chairman twice by the Nigerian Senate.

The sum was found in 3 different currencies- $38 million, N23 million, and £27,000 on April 11th 2017. Since then, a lot of drama has taken place, with accusations and counter-accusations flying all over.

As usual, Nairametrics brings you all the key actions in one spot. Follow this post for updates as they happen.

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Chacha Wabara

Chacha Wabara is a legal practitioner, blogger and fitness coach. She has over 5 years experience in blogging and freelance writing. She has written several articles and research work over the years as a freelance contributor. She joins Nairametrics as Our News and Analysis Lead.

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