Whistle blowers to Earn 4.2% on Recovered Loots

Federal Givernment of Nigeria Spells Out Benefits that Await Whistle Blowers

The Federal Government of Nigeria has detailed the astonishing benefits that await whistleblowers in the current fight against corruption and recovery of looted funds. It also affirms maximum protection for all whistle blowers.

According to Alhaji Lai Mohammed, the Minister of Information and Culture, any whistle-blower who gives information that leads to the recovery of up to 1 billion Naira will receive 5 per cent of the amount recovered. Thus, the reward for any recovered amount between 1 and 5 billion Naira will be 5 per cent for the first #1 billion and 4 per cent of the remaining #4 billion. Any amount above 5 billion Naira will attract 2.5% reward for such whistle blower. According to computation by the News Agency of Nigeria, a whistleblower that leads the Country to the recovery of cash or assets worth N5billion, will earn N210million as reward.

”For instance, if a whistleblower gives  information that leads to the recovery of 10 billion Naira, he or she will receive 5 per cent of the first one billion Naira, 4% of the next four billion Naira and 2.5% of the remaining five billion Naira.

The Minister said, the essence of making this information public is to reassure potential whistle-blowers and affirm that the plan to reward is real. “We are not just saying we will pay all whistle-blowers, but we are letting them know in advance what they are entitled to, once the information provided by them leads to the recovery of looted funds”.

He also gave the assurance that the federal government will protect the identities of all whistleblowers, whether in the private or the public sector, and will ensure that the information given by them are kept secret.

”Whistleblowers have nothing to fear, because committee has been put in place to ensure that the necessary measures are taken to safeguard the lives of those who give useful information. In fact, whistle-blowers have everything to gain and nothing to lose,” the minister said.
”For those who may have suffered any backlash as a result of the information provided by them, their cases will be reviewed and appropriate actions taken to mitigate it,” he said.

News has it that, a civil servant working for the Ministry of Foreign Affairs was sacked after exposing some theft in an agency of the ministry. His case is currently being reviewed by the Minister, Geoffrey Onyeama, following the directive of the Vice-President Yemi Osinbajo.

Alhaji Lai Mohammed further said the assurance of protection followed the presentations made to the Presidential Assets Recovery Committee by concerned citizens and groups about the safety of lives and properties of whistle-blowers.

”Whistleblowers however have nothing to fear, because the committee has put in place the necessary measures to safeguard those who give useful information that lead to the recovery of looted funds. As a matter of fact, whistle-blowers have everything to gain and nothing to lose,” he said.

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