ICAN Establishes Whistle-blowers’ Protection Fund Against Corruption in Nigeria


ican ICAN Establishes Whistle-blowers’ Protection Fund Against Corruption in Nigeria, In order checkmate corruption in Nigeria’s public and private sectors the Institute of Chartered Accountants of Nigeria has established the Whistle-blowers’ Protection Fund. In a statement issued on Sunday, ICAN said the WPF would protect members and the public “from any form of reprisals or victimisation when an alarm is raised on financial impropriety by public or private establishments, individuals or groups within the country. “The fund is also to assist whistle-blowers in litigation expenses reasonably incurred, and to assist members of the institute to discharge their professional duties without fear of being victimised.” it said, adding that the fund has an initial take-off amount of N50m.

“The council of the institute considers whistle-blowing as a crucial instrument to detecting and reporting corruption, fraud and mismanagement in the public, private and non-profit sector,” the Senior Manager, Corporate Communications, ICAN, Mrs. Bunmi Owolabi, was also quoted as saying “Many a time, a disclosure on corruption is often not appropriately followed-up by the concerned authorities; whistle-blowers have a critical role to play in the protection of the public interest,” Owolabi said.

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