Ikoyi Recovery: Whistleblower In Next Batch Of Payment – Adeosun
The controversy surrounding the payment of 5% fee to the whistle blower who revealed the Ikoyi recovery may soon come to an end as the Minister of Finance, Kemi Adeosun has said the whistle-blower will be paid in the next batch of payment.
Acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu has said that the whistle blower has now become a millionaire from his revelation of the Ikoyi recovery.
However, lawyer to the whistle blower was quick to counter the EFCC boss, saying his client has not been paid a kobo. Although the EFCC was to clarify later that it never meant that the whistle blower has been paid.
To put to rest the matter, the ministry of finance, Kemi Adeosun in a statement by her special adviser on media and communication, Oluyinka Akintunde said the whistle blower has been scheduled for payment in the next batch.
The minister’s statement reads:
The attention of the Honourable Minister of Finance, Mrs. Kemi Adeosun, has been drawn to media reports surrounding the payment to a whistleblower, who provided the tips that led to the recovery of funds stashed away in a property in Ikoyi, Lagos State.
The Honourable Minister wishes to state unequivocally that 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.
The Minister reiterates 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.