The Lagos State Commissioner for Finance, Dr Rabiu Olowo, said government should put systems in place to prevent corruption rather than expending so much energy on chasing looters.
He added that offer of monetary rewards to whistle-blowers who expose looters was not a sustainable policy in the fight against corruption.
Rather, he said citizens should be made to see whistle-blowing as an act of patriotism to their country, for which they needed not expect material gains.
Olowo, according to a statement on Tuesday, said this while delivering in a keynote address at the ongoing conference of the Institute of Chartered Accountants of Nigeria (Malaysia District) at Kuching, Malaysia.
He said, “First, what if those who steal public funds first settle potential whistle-blowers with part of the money, would they still blow the whistle after collecting their own share?
“Second, are those who collect financial incentives actually patriotic or they are seeking their share of stolen money? Third, should financial incentives be paid before recovery of stolen money or after? What if the monies are not recovered?”
Olowo said it was cheaper and easier to prevent corruption from taking place than running after looters to recover loots.
He said, “In the current administration in Lagos State, I am an advocate of effective internal controls and prudent management of public funds in line with Governor Sanwo-Olu’s vision.”