Federal Government To Pay Ikoyi Whistle-Blower N421m This Week

The Federal Government has announced that the Ikoyi whistle-blower who provided information that led to the recovery of the N13bn  loot will receive his commission this week.

Two weeks ago, the Minister of Finance, Mrs. Kemi Adeosun, said that the Government would pay the sum of N421,330,595 to only one individual identified for providing information that led to the recovery of the alleged stolen funds hidden in a flat at the Osborne Towers, Ikoyi, Lagos. Adeosun had said N421,330,595 would be paid to the legitimate informant.

According to reports, a senior government official explained that a directive for the release of the fund had been issued by Mrs Adeosun. The source said all the administrative procedures needed for the release of the fund had been concluded, noting that before the end of the week, the money would be released.

“The money for the payment of the Ikoyi whistle-blower is ready and that money is ready for release this week. A directive has already been issued that the money should be released to the whistle-blower and that will be done before the end of the week.”  The source explained.

According to the Federal Government’s whistle-blower policy, informants in such cases are eligible to receive between 2.5% and 5% of any recovered loot. Several persons have so far laid claims to providing information that led to the recovery of the huge Ikoyi sum.

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