The Economic and Financial Crimes Commission (EFCC) acting on a tip off by another whistle blower said it has discovered $38m, N23m in a house 16, Osborne Road today in Ikoyi area of Lagos .
TOPSTORIES learnt that the house belonging to one Abuja politician at Ikoyi, near the Lagos State deputy governor’s house was stormed by EFCC agents and the sum of over $38million, N23million, and some pounds sterling running into several thousands were discovered. The EFCC spokesman in Lagos, Mr Samin Amaddin confirmed the discovery.
Recently the Minister of Information and Culture, Alhaji Lai Mohammed, said any whistle-blower whose information leads to the recovery of up to N1billion would receive 5 per cent of the amount.
According to him, the reward for any amount between one and five billion Naira would be 5 per cent for the first N1billion and 4 per cent of the remaining N4billion, and that any amount over N5 billion will attract 2.5 per cent reward.
By calculation, a whistle-blower that leads Nigeria to the recovery of cash or assets worth N5billion, would earn N210million.
Mohammed said, ”For example, if a whistle blower provides information leading to the recovery of N10 billion, he or she will receive five per cent of the first one billion naira, four per cent of the next four billion Naira and 2.5 per cent of the remaining five billion Naira.
The government also promised to protect the identity of all whistle-blowers, whether in the public or the private sector, and also ensure that the information they provide is kept secret.
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