For every N1 billion recovered this is how much a whistle blower stands to earn

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The federal government has said that any whistle-blower whose information leads to the recovery of up to N1 billion to N5 billion will receive 5% for the first N1 billion and 4% of the remaining N4 billion.

Whistleblowers will earn N210m on every N5 billion recovered – Lai Mohammed

The minister of Information and Culture, Alhaji Lai Mohammed making the clarification in a statement on Sunday, March 19, said any amount over N5 billion will attract 2.5% reward.

By implication a whistle-blower on N5bn recovery will make N50 million from the first N1bn and N160million from the remaining N4 billion making a total of N210million.

Mohammed said the government will protect the identity of all whistleblowers, whether in the public or the private sector by keeping information they provide secret.

He said the assurance followed the presentations made to the Presidential Assets Recovery Committee by concerned citizens and groups about the safety of whistleblowers.

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The minister also said cases of those who may have suffered backlash as a result of the information they provide will be reviewed and appropriate mitigating actions taken.

He said: ‘‘Whistleblowers have nothing to fear, because the committee has put in place the necessary measures to safeguard those who give useful information. As a matter of fact, whistle-blowers have everything to gain and nothing to lose,’’ he said.

‘‘What we have done by making this information public is to reassure potential whistleblowers that the plan to reward is real. We are not just saying we will pay all whistleblowers, but we are letting them know in advance what they are entitled to, once the information they provide leads to the recovery of looted funds.”

Meanwhile the foreign affairs minister Geoffrey Onyeama said that Mr Ntia Thompson, who was sacked by the ministry over whistle blowing, would be reinstated, if actually his appointment was wrongfully terminated.

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Thompson, an assistant director with the Directorate for Technical Cooperation in Africa (DTCA), was sacked for allegedly raising an alarm that $229,000 and N800, 000 had been diverted by key officials in DTCA, an agency under Foreign Affairs Ministry.

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