IKOYI RECOVERY: WHISTLE BLOWER SCHEDULED FOR NEXT BATCH OF PAYMENT – ADEOSUN

IKEJA, Lagos, Nigeria – Minister of Finance, Mrs. Kemi Adeosun has said that the man who blew the whistle that led to the recovery of about N13 billion from a flat in Ikoyi, Lagos, Nigeria is scheduled for next batch of payment.

The minister made the clarification following media reports that the whistle blower has not been paid contrary to reports attributed to Chairman of the Economic and Financial Crimes Commission, (EFCC), Mr. Ibrahim Magu. His lawyer, Mr. Yakubu Galadima had raised the alarm and threatened to sue the Nigerian government for non performance.

But in a statement on Sunday, Adeosun said the Federal Government has not withheld any fund due to any whistleblower.

“The Ministry has in place detailed procedures for processing payments due under the Whistleblower Policy. The procedures were designed to prevent abuse and legal disputes and to ensure protection of the information providers”, she said.

According to her, these procedures include an application by the agency who recovered the funds including evidence of the recovery, confirmation that there are no pending legal issues on the recovery, verification of the identity of the information provider, calculation of the amount payable and computation of relevant taxes.

” It must be stated also that payments are made in monthly batches to ensure control and to protect the identity of information providers. To date, over 20 of such persons have been paid. From available records, the payment due on Ikoyi is among those being processed in the November batch, which will be released within the current month”, she said.

The Minister reiterated that the Whistleblowing Policy of the Federal Government remains one of the current Administration’s successful initiatives and that the Government is fully committed to ensuring that all those who responded to the policy and partnered with Government in the recovery effort are paid in full and most importantly have their identity protected.

The Whistleblower Policy was introduced in December 2016 by the Federal Government as part of the initiatives to wage war against corruption.