The federal government has come up with a new whistle blowing policy in order to encourage Nigerians to report incidents of corruption to the appropriate authorities.

The new policy will see anyone who exposes corrupt practices rewarded with as much as five per cent of the recovered proceeds of the corrupt act.

This was one of the resolutions reached at the Federal Executive Council, FEC, meeting, presided over by President Muhammadu Buhari at the Aso rock presidential villa on Wednesday.

Addressing State house correspondents after the meeting, Minister of Finance, Kemi Adeosun, said the policy is being put in place in conjunction with the office of the Attorney General of the Federation and Minister of Justice.

She said the policy is a tentative initiative pending when the National Assembly formally passes a whistleblowing law.

According to her, the new programme will encourage Nigerians to come forward with information that could lead to the arrest and prosecution of corrupt officials.

Adeosun added that the initiative was also a deliberate effort at strengthening the fight against corruption by the Buhari administration.

The finance minister said that the federal government will set up a website and provide a phone number and email for people to use.

She assured Nigerians that the anonymity and protection of whistle-blowers will also be guaranteed.