Ikoyi recovery: Whistleblower in next batch of payment – Adeosun


By Ayobami Adedinni

The Minister of Finance, Mrs. Kemi Adeosun, has said that the Ikoyi whistleblower who provided the tips that led to the recovery of funds stashed away in a property in Ikoyi, Lagos State is scheduled to be paid in the next batch.

In a statement on Sunday, the Minister said that the Federal Government had not withheld any fund due to any whistleblower.

According to her, the Ministry has in place detailed procedures for processing payments due under the Whistleblower Policy adding that the procedures were designed to prevent abuse and legal disputes and to ensure protection of the information providers.

She said, “These procedures include an application by the agency which 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.

“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,”she said.

 She therefore reiterated 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 Government in the recovery effort are paid in full and most importantly have their identity protected.

Recall that the Whistleblower Policy was introduced in December 2016 by the Federal Government as part of the initiatives to wage war against corruption.


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