The Federal Government (FG) is determined to protect and reward whistle-blowers
who provide information that leads to the recovery of stolen funds or
assets, reports ITRealms.
The Minister of
Information and Culture, Alhaji Lai Mohammed, gave this assurance in a public statement
issued in Lagos on Sunday, saying the Federal Government will 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.
''For those who may have suffered any backlash as a result of the
information they provide, their cases will be reviewed and appropriate
mitigating actions taken,'' he said.
Alhaji Mohammed said the assurance followed the presentations made to the Presidential Assets Recovery Committee by concerned citizens and groups about the safety of whistle-blowers.
''Whistle-blowers 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.
The Minister said any whistle-blower whose information leads to the
recovery of up to 1 billion Naira will receive 5per cent of the amount; that
the reward for any amount between 1 and 5 billion Naira will be 5 per cent for
the first 1 billion Naira and 4 per cent of the remaining 4 billion Naira, and
that any amount over 5 billion Naira will attract 2.5per cent reward.
''For example, if a whistle-blower provides information leading to the
recovery of 10 billion Naira, he or she will receive 5 per cent of the first 1
billion Naira, 4per cent of the next 4 billion Naira and 2.5 per cent of the
remaining 5 billion Naira.
''What we have done by making this information public is to reassure
potential whistle-blowers that the plan to reward is real. We are not
just saying we will pay all whistle-blowers, 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,'' he said.
''For those who may have suffered any backlash as a result of the
information they provide, their cases will be reviewed and appropriate
mitigating actions taken,'' he said.
Alhaji Mohammed said the assurance followed the presentations made to the Presidential Assets Recovery Committee by concerned citizens and groups about the safety of whistle-blowers.
''Whistle-blowers 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.
The Minister said any whistle-blower whose information leads to the
recovery of up to 1 billion Naira will receive 5per cent of the amount; that
the reward for any amount between 1 and 5 billion Naira will be 5 per cent for
the first 1 billion Naira and 4 per cent of the remaining 4 billion Naira, and
that any amount over 5 billion Naira will attract 2.5per cent reward.
''For example, if a whistle-blower provides information leading to the
recovery of 10 billion Naira, he or she will receive 5 per cent of the first 1
billion Naira, 4per cent of the next 4 billion Naira and 2.5 per cent of the
remaining 5 billion Naira.
''What we have done by making this information public is to reassure
potential whistle-blowers that the plan to reward is real. We are not
just saying we will pay all whistle-blowers, 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,'' he said.
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