FG on Ikoyi money: We’ll pay whistleblower this month *Due process caused delay

By Editor on 13/11/2017

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Ikoyi money

The Federal Government, came out with a definite commitment to pay the whistleblower, who squealed on the Ikoyi mansion money, allegedly stashed away by the now sacked Director General of the National Intelligence Agency (NIA), Ayo Oke.

The money,  $43.5 million, £27,800 and N23.2 million, in cash, hidden in some file cabinets at a luxury flat at Osborne Road, Ikoyi, was recovered by the Economic and Financial Crimes Commission (EFCC) in April, setting off a lot of outrage across the country and beyond, which eventually consumed Oke’s job, after the Federal Government ordered an inquiry through a panel headed by Vice President, Yemi Osinbajo.

There has been controversy over the payment, with Yakubu Galadima, lawyer to the whistleblower, whose name was not given, debunking the claim of Acting Chairman of the EFCC that he had been paid.

Reacting to the issue, Minister of Finance, Kemi Adeosun, said on Sunday that arrangements were already being made for the first tranche of the money to be paid this month.

The statement signed by one of her aides, Olayinka Akintunde stated: “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.


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“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.”




Source Whirlwindnews.com

Posted on November, 13 2017

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