CHAPTER 1

1.1 Background To The Study

The whistleblowing policy was instituted the federal ministry of finance and approved by the federal government to facilitate the divulsion of information regarding the violation of financial regulations, misappropriation of public funds and assets, theft of public funds, financial malpractice, and fraud .Consequently an on-line portal was created to enhance the disclosure of information regarding the mismanagement of public funds and assets, financial malpractice ,fraud , theft , violation of financial regulations, in the  best interest of the public .

 According to Mrs. Kemi Adeosun the Nigerian federal minister of finance, the basic objective of the policy is to facilitate the fight for the eradication of financial crimes and corruption, through the exposure of such financial crimes and the provision of rewards to whistle-blowers.

Consequently the policy offers protection to whistle-blowers which covers them from harassment or intimidation by their employers or bosses. The benefit of the policy is believed will increase transparency and accountability in the management of public funds and the recovery of looted public fund for the deployment of infrastructural development. This will enhance a corruption-free society and the attraction of   foreign investor’s .Niyi Akinnaso’s (2016). Therefore the research seek to proffer an Assessment of the Whistle Blower policy of the Federal Government of Nigeria: Issues, solutions and Benefits

1.2 Statement of the Problem

Nigerias as long being confronted with the issue of corruption which  has eluded the nation of great resources that would have been used for developing infrastructure and the improvement of the living standard of the people. A definition offered by the World Bank views corruption as the abuse of public office for private gain. While agbu (2003) describe it as the theft of state Asset or Diversion of State resources for private use. Aluko  proffered   nine forms of corruption  which include Fraud , Embezzlement , Favoritism  ,Nepotism,   Political corruption (grand) , Bureaucratic corruption (petty) , Electoral corruption , Bribery  , (Aluko, 2009:5)The devasting effect of this menace has deepened the Nigerian economy into a state of financial crisises. Consequently as a measure to recover looted funds and illicit gotten wealth from government officials, the Nigerian federal government enacted the wistle blowing policy. According to Mrs. Kemi Adeosun the Nigerian federal minister of finance, the basic objective of the policy is to facilitate the fight for the eradication of financial crimes and corruption, through the exposure of such financial crimes and the provision of rewards to whistle-blowers. Consequently the policy offers protection to whistle-blowers which covers them from harassment or intimidation by their employers or bosses. The benefit of the policy is believed will increase transparency and accountability in the management of public funds and the recovery of looted public fund for the deployment of infrastructural development. Which will enhance a corruption-free society and the attraction of   foreign investors? Therefore the problem confronting the research is to appraise the Assessment of the Whistle Blower policy of the Federal Government of Nigeria: Issues, solutions and Benefits