Presidency has said more looted funds totalling $151 million and N4 billion have been recovered through the recently introduced whistle-blower scheme.
The fresh recovery, is different from the $9.7 million cash, belonging to former Group Managing Director of Nigerian National Petroleum Corporation, Andrew Yakubu, seized from a house in a slum in Kaduna metropolis.
The biggest of the recovered fresh loot, included $136.7 million from an account in a bank where it was kept under a fake account name.
Information and culture minister, Lai Mohammed, who announced this in a statement, explained that the recovery of the $136.7 million was followed by another $15 million, N7 billion and N1 billion.
He said, ”When we told Nigerians that there was a primitive and mindless looting of the national treasury under the last administration, some people called us liars.
“Well, the whistleblower policy is barely two months old and Nigerians have started feeling its impact, seeing how a few people squirreled away public funds.
“It is doubtful if any economy in the world will not feel the impact of such mindboggling looting of the treasury as was experienced in Nigeria.”
The minister said the actionable information leading to the looted fund was provided by whistleblowers to the office of the Attorney General of the Federation.
Mohammed asked more Nigerians to take advantage of the rewards in the whistleblowers programme, which provides for the payment of a minimum of two point five per cent and five per cent of the recovered stolen fund to the whistleblowers.