The payment due to the whistleblower, who provided tips that
led to the recovery of funds stashed away in a property in Ikoyi, Lagos State,
will be released this month, Minister of Finance, Kemi Adeosun, has said.
She said the payment was among those being processed in the
November batch, which will be released within the current month. Daily Trust
reports that the tips provided by the whistleblower led to the recovery of $43
million, £27,800 and N23 million from the property by the Economic and
Financial Crimes Commission (EFCC). The minister said this yesterday in a
statement by her special adviser on media and communications, Oluyinka
Akintunde.
Oluyinka Akintunde, special adviser to the finance minister,
issued a statement on Sunday evening to give an update on the development. The
statement 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.
“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.”
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