News
FG Pays 20 Whistleblowers N375.8m Reward From N11.6bn Recoveries
The Federal Ministry of Finance has confirmed release of N375.8million to the first batch of 20 providers of information under the Whistleblower Policy.
The payment, of various amounts totaling N375,875,000, relate to the recovery of N11,635,000,000 .
Minister for Finance, Mrs. Kemi Adeosun made the disclosure on Tuesday. She said:
“This payment, which is the first under the Whistleblower Policy, underscores the commitment of the President Muhammadu Buhari-led administration in meeting obligations to information providers under the Whistleblower Policy. The policy is an essential tool in the fight against corruption.”
She further disclosed recent amendments to the Whistleblower Policy which includes the introduction of a formal legal agreement between information providers and the Federal Government, which is executed by the Minister of Justice (Attorney-General of the Federation).
Adesoun added that procedures have also been introduced to ensure the protection of the identity of information providers during the payment process.
The Minister explained that all payments are taxable and are only made upon confirmation of the final recovery of assets as confirmed by the Attorney-General of the Federation as being free of legal disputes or litigation.
Adeosun also gave details of the Whistleblower Unit (WBU), a multi-agency team, which is resident in the Ministry of Finance Headquarters.
The unit It is staffed by secondees from the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Department of State Services (DSS), the Nigeria Police Force and Presidential Initiative on Continuous Audit (PICA), among others.
“The Whistleblower Unit is the first line of response to whistleblower information, where initial review is undertaken before cases are forwarded to the relevant investigative agencies,” she said.
Follow us on social media:
“Who did this to you?” – Video of a pregnant lady flaunting her massive baby bump sparks mixed reactions online
DHQ hails Simon Ekpa’s arrest and hopes he will be extradited to Nigeria to face justice
“God is still in the business of doing wonders, please keep trusting God” – Emotional moment gospel singer Yinka Alaseyori serenades actress Dayo Amusa who gave birth to her first child at 41 years (Video)
Diddy claims prosecutors showed judge edited Cassie video to make him look dangerous
“Simon Ekpa is not our member” – IPOB stated
“Tinubu Has A Better Policy Document Than Peter Obi, Atiku” – Doyin Okupe says
“They don’t look so happy” – Reactions trail video of Chioma and Hailey at Davido’s concert
Five soldiers k!lled, 10 wounded and four missing as Boko Haram attacks troops in Borno
-
Celebrity Gossip & Gist22 hours ago“They don’t look so happy” – Reactions trail video of Chioma and Hailey at Davido’s concert
-
Biafra22 hours ago“Simon Ekpa is not our member” – IPOB stated
-
Celebrity Gossip & Gist2 days agoWizkid’s sister blows hot after being dragged for comparing brother to Albert Einstein
-
Celebrity Gossip & Gist21 hours agoDiddy claims prosecutors showed judge edited Cassie video to make him look dangerous