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

By Editor on 13/11/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 193

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.


Image result for kemi adeosun


“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

Share on facebook Yahoo mail icon Gmail icon

You may also like...
CAFCL: Enugu Rangers touch down at Cairo ahead...

BIZAARE! Thieves steal phone of visiting world Islamic...

BREAKING: Police in fierce battle against bank Robbers...

Ronald overtakes Messi in earnings

Why we support proposed ecclesiastical courts – HURILAWS...

NASS Leadership drama: PDP roots for Saraki, Dogara...

Fear in S’East as herdsmen abduct Catholic priest...

Black Stars, Elephants clash in AFCON final

Army: All officers must speak Igbo, Hausa, Yoruba...
Latest News SERAP to UN: Declare Herdsmen terrorist group *Responsible don't negotiate with terrorists BREAKING: Like MFM, another NPFL Club Plateau Utd crash out of CAF Champions league INCREDIBLE: You’re unlucky, doctors tell woman who lost 22 babies Gov Obiano sworn-in, begins his second term journey in Anambra Herdsmen reportedly invade Edo Communities, kill five Persons Algeria club whitewash MFM in CAFCL as NPFL team go down to CAF Confederation play-offs BREAKING: Federer dumps out Coric, race into final as Venus, Halep chicken out in Indian Wells semis Imo deputy Gov to Okorocha: You can't stop me from being next Governor Liverpool flog Watford as Salah hits first premier league hatrick, Palace journey out of relegation zone Buhari: Wakil’s death shocked me *We must not forget his dedication


Most Read BREAKING: Ronaldo, Messi, Neymar clinch final Ballon d'Or shortlist, Suarez snubbed (36,404 views) You must release Kanu, give us justice or we keep bombing – Gen. Ben (23,957 views) Seven 'killer' SARS officers arrested in Anambra for murder (21,786 views) I must redeem Ndigbo or die trying – Nwodo *We're quite uncomfortable in Nigeria (20,763 views) Biafra: I’ll lead negotiation with agitators – Okorie *Warns against force (13,851 views) Okorie to Buhari: Your gvt can’t be killing Ndigbo and offering B’Haram amnesty (12,980 views) BREAKING: Again DSS shuns court order, hedges on Kanu's release (12,155 views) BREAKING: Upset, as Ugwuanyi appoints Queen of 419 into cabinet (10,923 views) Catholic bishops to Mbaka: Your prophesies could be brain wave (10,096 views) Biafra: S’East governors, Ohanaeze to meet Buhari over Kanu (10,062 views)


News Appointments (138) Business (255) Crime (650) Economy (422) Education (162) Entertainment (89) Fashion and Style (6) General (260) Health (287) Inside Africa (223) Interviews (14) National (652) Politics (1948) Press Releases (3) Religion (132) Security (1067) Sports (1845) Technology (19) World News (399)


CBN banner advert

Chelsea Outdoor

Veleta banner

FRSC Officials vs Woman Driver on highway



Newsletters Subscribe to Whirl Wind News newsletters today and get breaking news and updates delivered to your mailbox!

Sign up