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”.