ENTRENCHED SYSTEM
DIANNA GAMES: Nigeria has lessons in corruption for SA’s government
’The cash-strapped Nigerian government’s latest corruption-fighting campaign has led to the recovery of more than $150m in looted funds in just a few months’
There is a new game in town in Nigeria — whistle-blowing. The cash-strapped government’s latest corruption-fighting campaign has led to the recovery of more than $150m in looted funds in just a few months. This does not include the $9m in cash recently recovered from a former executive of the state petroleum company, the Nigerian National Petroleum Corporation, as a result of a tip-off. The largest amount recovered — nearly $137m — was found in a commercial bank account where stolen funds were kept under a fake name, according to the government. Other recoveries emanating from tip-offs have also been large, running into millions of dollars. Although just the tip of the iceberg, the successes to date highlight the scale of the problem. In December 2016, the government of Muhammadu Buhari approved the Whistleblowing Programme and Supporting Policy to boost the fight against corruption. The policy offers whistle-blowers anonymity and 2.5% to 5% of the amount recovered from the informat...
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