Naira abuse: EFCC promises whistleblowers 5% reward

The Economic and Financial Crimes Commission, EFCC, has promised a 5% reward for whistleblowers who give information that fosters the arrest and prosecution of naira abusers.

Spokesman of the EFCC, Dele Oyewale, revealed this when being interviewed on the EFCC 97.3FM Abuja talk show.

Oyewale restated the commitment of the anti-corruption agency to enforcing the law against naira while also affirming that the 5% reward was to encourage whistleblowers.

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“There’s a reward if you report anyone spraying the naira. That is whistleblowing. The whistleblowing act offers 5% reward of whatever amount that is involved to whoever offers credible information that can stand the rigour of prosecution and not derived from malice and mischief,” he said.

The EFCC spokesman said the agency had already secured 50 convictions across the country since the task force on naira abuse and dollarisation was set up.

He said: “It is a crime to reject the naira. If there’s nothing wrong with the naira, maybe it’s dirty and not mint, and you reject it; it is a crime.

“The naira is the symbol of our economy. We are a sovereign nation, with our own territorial integrity, so, whatever is within the ambit of our economy, every transaction in Nigeria must be done in naira.”