Ikoyi Loot: “Only One Whistle-Blower Would Be Paid N421m” – FG

The Federal government has said it will pay only one whistle-blower a finder’s percentage of the N13 billion recovered from a flat in Osborne Towers, Ikoyi, Lagos.

Minister of Finance, Kemi Adeosun stated while speaking to state house correspondents shortly after the federal executive council (FEC) meeting on Wednesday.

The Economic and Financial Crimes Commission (EFCC) had recovered a stash in April based on information made available by a whistle-blower.

In response to the government’s promise to pay 2.5-5% of any recovered money, several persons have presented themselves as informants in the Ikoyi recovery.

READ: ‘We Don’t Want Ikoyi Whistle-Blower To Run Mad That’s Why We Have Not Given Him His N680m’ – Prof. Sagay

However, Adeosun said the government will only pay the informant that signed the agreement that led to the recovery of the stash.

The minister said the total amount that will be paid is N421,330,595, adding that “it is ready for payment”.

She said: “The only condition necessary is that the money will be paid to the whistle blower who signed the agreement. Not to any company.

“If we get the court judgement, we have to wait for three months to ensure that there are no encumbrances. We also [have to] make sure that all applicable taxes are paid ahead.

SEE ALSO: [VIDEO] See How The EFCC Discovered $38m, N23m In Ikoyi Apartments

“We [will] get in touch with the state government where the person is domiciled. We [will] pay the tax directly to the state and issue the tax receipt. So we built in these procedures to protect the whistle blower.”

Not less than four self-acclaimed whistle blowers have filed suits against the government over the finder’s fee.

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