Again, N143. 89 billion recovered from corrupt officials - PICA

macfranc007 March 26, 2018 Nigeria News today & Breaking news ▷ Read Naija news 24/7 Eromosele Ebhomele

- The Presidential Initiative on Continuous Audit (PICA) says the federal government recovered N143.89 billion

- PICA breaks the figure down to N7.8 billion, 378 million dollars and 27,800 pounds sterling

- PICA reveals that the federal government had also been able to save N208 billion through the payroll audit

The federal government, through the Presidential Initiative on Continuous Audit (PICA), has disclosed that it recovered more than N143. 89 billion from corrupt officials through the implementation of the whistle blower policy.

The News Agency of Nigeria reports that PICA disclosed this in a report made available to newsmen on Sunday, March 25, in Abuja.

According to NAN, the report showed that government had successfully recovered N7.8 billion, 378 million dollars and 27,800 pounds sterling.

The report added that since the policy was introduced in 2016 to fight financial crimes and corruption, PICA has received 8,373 tips.

The report said 1,231 tips received were on financial crimes adding that the federal government was able to investigate 791 cases out of which 534 were completed.

The PICA report further showed that the federal government had also been able to save N208 billion through the payroll audit of its Ministries Department and Agencies (MDAs) adding that N97.94 billion was saved in 2016, while N110.46 billion was saved in 2017.

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PICA said the saving was from the recovery of salaries paid to ex-diplomats, reduction in personnel costs of MDAs and reduction in non-regular allowances of the armed forces, para-military agencies and health institutions.

NAIJ.com earlier reported that the acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, on Thursday, February 22, received an award from the Centre for Peace and Conflict Resolution.

The award was presented to Magu in his office at the EFCC headquarters in Abuja by the coordinator of the centre, Zainab Duke Abiola.

The award was given to Magu in recognition of his contributions to the fight against corruption in Nigeria.

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