Seized N13bn: Ikoyi Whistle-blower Threatens To Sue FG

The lawyer of the whistleblower who informed the Economic and Financial Crimes Commission of the $43m, N23.2m and £27,800 (N13bn) recovered from an Ikoyi apartment, Yakubu Galadima, has said his client is prepared to sue the Federal Government for fraud if he is not paid his money soon.

Given that the 5% payment as stated by the whistle-blowing policy is yet to be made to Galadima’s client, the Punch reports that the lawyer said “That (suing the government) is one of the options but we have many options. Before now I had a discussion with Alhaji Lai Mohammed who directed me to speak with a lady in the office of the Ministry of Finance, Mrs. Tolu Kasali. I had a discussion with her and she told me that she would see what the government could do about it.

“My client’s concern is that time is of the essence. The guy wants to relocate from the country. There is no time and his life is in danger. He is jobless at the moment. He is not doing anything right now and in fact he is a burden on me.”

The lawyer said his client had also suffered psychological trauma caused by the Federal Government’s inaction.

Earlier, the acting Chairman of the EFCC, Mr. Ibrahim Magu, has tied the delayed payment to the commission’s decision to hold counselling sessions for the whistleblower on prudently managing his bounty, as he is “now a millionaire.”

Magu Never Said Whistleblower Has Been Paid – EFCC

The Economic and Financial Crimes Commission has clarified remarks credited to its Acting Chairman, Mr Ibrahim Magu, concerning the Ikoyi whistleblower on Thursday.

Spokesman of the commission, Mr Wilson Uwujaren, said in a statement on Friday that Magu never said the whistleblower had been paid his compensation as being insinuated in a section of the media.

The informant had provided intelligence that led to the recovery of $43.5m, £27,800 and N23.2m stashed in an apartment on Osborne Towers in Ikoyi, Lagos on April 7.

By the Federal Government’s whistleblower policy that took effect in December, 2016 informants are entitled to between two and five per cent of the looted money they helped to recover.

Uwujaren had quoted the EFCC acting chairman as saying in Vienna, Austria, that the Ikoyi whistleblower was now a millionaire by “virtue of the percentage he is officially entitled to’’.

“We are currently working on the young man because this is just a man who has not seen one million Naira of his own before.

“So, he is under counseling on how to make good use of the money and also the security implication.

“We don’t want anything bad to happen to him after taking delivery of his entitlement. He is a national pride”, he reportedly told a United Nations anti-corruption conference.

However, one Yakubu Galadima claiming to be a lawyer to the whistleblower reportedly countered the EFCC boss, saying his client had not been paid.

Galadima also reportedly said that the recovered amount “was N17bn and not the N13bn being declared’’.

However, Uwujaren said; “What Magu said at the 7th Session of the Council of State Parties to the United Nations Convention Against Corruption in Vienna, Austria, was that citizens should be encouraged to embrace whistle blowing because of the incentives attached.

“To illustrate this, he stated that the gentleman who provided the information that triggered the huge recovery at Osborne Towers in Ikoyi was already a millionaire based on the incentive in the whistle blower policy where information providers are entitled to between 2.5 and 5 per cent of the recovered sum.

“Magu never said that the young man has been paid. The commission is not even directly responsible for the payment of rewards to whistle blowers.’’

The EFCC spokesman said the exact amount recovered in the Osborne Towers operation was never a subject of controversy as the counting of the money was streamed live.

He said the counting was also witnessed by the whistle blower, security at the Towers and representative of the agency which claimed ownership of the money.

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NASS to Pass Whistle-blowing Bill

Rep. Abiodun Olasupo (APC- Iseyin/Iwajowa/Kajola/Itesiwaju Federal Constituency) says the bill on whistle blowing is at an advanced stage of being passed by the National Assembly.

Olasupo also said the National Assembly was working hard to ensure that all enabling laws protect the identity of whistle blowers and strengthen the principle.

The federal lawmaker spoke in Iseyin during a routine tour of his constituency to inaugurate projects and brief constituents.

“You should not be surprised that all the measures used in the anti-corruption crusade today were developed by President Goodluck Jonathan’s administration.

“The Jonathan administration developed the policies of whistle blowing, Bank Verification Number (BVN), Treasury Single Account (TSA) but lacked the political will to implement them.

“You can see that the implementation by President Muhammadu Buhari’s administration is bringing the desired results,’’ he stated

Reacting to the N125 billion National Assembly Budget for 2017, he said that the budget was only N10 billion above that of 2016.

The lawmaker stated that the increment in the budget was not limited to the National Assembly alone, but also affected the State House, Judiciary, Nigeria Customs Service and other parastatal agencies.

“When the 2017 Appropriation Bill is signed into law by the president or Acting President, it would be accessible to all and you will see that it was increased across board.

“When you look into the budget and do the analysis properly, I am sure you will believe that the National Assembly is one of the most poorly funded arms of this government.

“For the first time in the history of the nation, the eighth National Assembly made the details of the budget public and you will see a budget of economic recovery.

“The old, present and future National Assembly members should know that legislatures the world over cannot win popularity contest when it comes to budgeting,’’ he said.

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Whistleblowing Alone Will Not Win The Anti-Corruption War By Malcolm Fabiyi

To the best of my knowledge, I was the first Nigerian to call for a whistleblowing policy as part of the solution for Nigeria’s corruption problem. For almost a decade, since that 2008 paper, I have argued that the Nigerian brand of corruption is a rational act, and that there are three elements needed for its eradication, of which the enactment of a whistleblowing policy was a necessary first step. The other legs of the anticorruption tripod are enhancing the successful prosecution of corruption cases and the strengthening of penalties for corrupt individuals.

I followed up those arguments in a second article in 2012 that reviewed new cases to support my arguments for the rational basis of corruption, and a final paper in 2016 that used actual data from a nationwide survey of Nigerians to provide a fact basis to my assertions.

My purpose in all these studies was not to rationalize corruption but to demonstrate that corruption necessarily thrives when a political and civil service system that encourages graft is coupled with an ineffectual judicial process and a weak enforcement regime. Those studies were what led me to the conclusion, since 2008, that an effective policy approach to tackle corruption must have a corresponding rational basis.

I commend the Nigerian government for adopting the whistleblowing policy. The recent successes that have been recorded should be celebrated. However, as I have argued since 2008, whistleblowing is merely one leg of the anticorruption tripod. Sadly, the other legs of the tripod have not been aggressively pursued by the Buhari regime.

For success the Buhari government must work on 1) tightening the odds of successful prosecution of corruption cases and 2) increasing the penalties associated with corruption.

To tighten the odds of successful prosecution, two things are needed. Firstly, lawyers need to be provided with incentives to make the best cases possible. The EFCC should open up its case load to bids from a wider cache of lawyers, and if necessary hire lawyers from other agencies (FBI, Scotland Yard, etc.) outside Nigeria with a history of successful prosecution of corruption cases, to help guide the process of developing air tight cases. The contracts for these lawyers should include incentives for successful prosecution and binding punitive measures for any actions that they take to sabotage the EFCC’s case. The incentives should include the guarantee of percentages of the corruption proceeds to the lawyers upon successful prosecution of the cases. Secondly the Buhari government must urgently cut off the legal loopholes that corrupt persons use to tie up their cases in the courts. Special anti-corruption courts will be the answer to this problem. Prof. Itse Sagay – Chairman of the Presidential Committee on Anti-corruption has indicated that some work is being done on this leg of the tripod. The policy initiatives that have come out of that effort need to be aggressively rolled out.

The final leg of the tripod is the introduction of penalties that impose a price for people convicted of corrupt practices that is immensely high. Convicted officials must be stripped not just of the funds they embezzle, but of their charters and / or professional licenses. They should be barred for life from participation in politics and from being appointed to any positions of trust in the public or private sector. They should also be barred from participating in the formation, organization or management of any political entities. They should be stripped of any national honors that they currently hold, and must never be considered for any. The forfeiture requirements for successful conviction must be total. These forfeiture requirements and punitive measures must also apply to plea deals, for agreements reached outside the courts.

Unless the Buhari government aggressively integrates the other two legs of the tripod into the anticorruption effort, the process will fall and falter. A one-legged table cannot stand. All three parts are essential to the success of a comprehensive anti-corruption war. Worse still, a whistleblowing program by itself can spawn its own web of corruption. One that will ultimately worsen – and not reduce the problem of corruption in Nigeria.

Ghost Dollars, Grotesque State By Louis Odion

Like a typical Shakespearean comedy, the great dollar find in Lagos penultimate Wednesday following a whistleblower’s tip-off seems to have inadvertently bequeathed to the public space a slew of memorable jokes – some quite libelous.

In the ensuing orgy of finger-pointing, someone would ask that his quarry be made to excrete more of the alleged loot so that the latter’s now recognizable bulging pot-belly – very much like advanced pregnancy – could return to normal.

In response, the addressee would declare that such allegation could only emanate from the erratic imagination of a psychiatric patient unable to adhere strictly to his medication regimen – clearly a poignant innuendo at his accuser, well known to have survived some mental health challenge in the past.

As if that was not hilarious enough, a photograph – obviously captured with a zoom lens – of Ayo Oke, the embattled Director General of the Nigerian Intelligence Agency (NIA), surfaced online Wednesday depicting the bespectacled spook shedding tears in the forecourt of Aso Rock in what should shock custodians of the cloak-and-dagger tradition of the spy world.

(However, this could not be independently verified at this writing.)

Oke’s emotional meltdown, presumably over the sorry turn of events, reportedly followed his inability to secure audience with the Vice President after the news of his suspension.

If true, it would be a different kettle of fish altogether. Just when did it become permissible for a top service brass to shed tears so cheaply in public? A lion heart, stern visage and grace under extreme duress are supposed to be the minimum pre-qualifications to be admitted into the secret service.

Also implicated is Oke’s own spouse. Earlier, one account alleged she was the courier who, in various guises and disguises, had smuggled in over the time the mountain of dollars in bits with “Ghana Must Go” bags. She was said to have gone to great lengths to conceal the air of prosperity around her in shabby clothes.

Since everything was hush hush, even the usually nosy resident security guards never quite succeeded in unraveling the name or identity of the mystery tenant on the seventh floor of the Osborne Towers. For that reason, the flat was reportedly referred to conveniently as “Apartment – – – (pronounced as dash, dash, dash).”

Well, beneath the foregoing comic barbs and pathetic imageries surely lay a bigger tragedy. What is invariably laid bare is an increasingly dysfunctional state. Truth be told, the suspension of Oke on Wednesday does very little to wash the Buhari presidency clean of reproach arising from a curious failure to act promptly.

Given the gravity of the issues involved, it is very scandalous that no one has spoken directly to the Nigerian people thus far on the multi-billion cash haul at Ikoyi. Why is it always a difficult task for an increasingly distressed Presidency to seize a defining moment to reconnect with the people, thus owning its little victory?The press release announcing the suspension of Oke and Lawal can never be a substitute. Any suggestion that since NIA was involved, information be hoarded “for national security” is most laughable indeed. Note, what is involved here is taxpayers’ money.

As a mark of accountability to the Nigerian public, one would have thought the Information Minister would issue a statement within 24 hours after the matter hit the airwaves. That should have preceded the duo’s suspension and helped to deflect the assortment of salacious conspiracy theories, rumors and wild speculations that have filled the airwaves in the last one week. The most outlandish of the rumours being that President Buhari’s perceived procrastination was only trying to shield someone in his camp.

Again, one account claimed that apart from the cash uncovered at the “safe house”, some Jonathan/Sambo 2015 election campaign paraphernalia were also recovered. How true is this?

Indeed, the snippets in the public domain in the past one week were gleaned from “sources” by the media. From experience, not everything published or aired is true. Such channels are prone to abuse. Sometimes, some mischief-makers would give false leads to reporters hungry for exclusives simply to settle scores with enemies at the expense of truth. It is therefore no coincidence that the airwaves have since been filled with all manner of conspiracy theories.

In Rivers, Governor Nyesom Wike would have the nation believe that the money is part of the proceeds from the hurried sale of the state’s turbine assets by his predecessor in 2014. He further alleged that a substantial part of the money was diverted to fund Buhari’s presidential campaigns in 2015. An accusation stoutly denied by Rotimi Amaechi, now the Transport minister.

Overall, the initial spin put out by Oke’s friends and enablers that the cash warehoused in the “safe house” was from funds approved by former President Goodluck Jonathan came off its wonky hinge after a vigorous disclaimer by the Central Bank.

According to the apex bank, at no time did it truck any cash to NIA as far as it could remember.

The veil would seem completely yanked off the masquerade two days later following an unconfirmed report that the so-called “safe house” is owned by a company controlled by Oke’s wife. If true, then this should inspire the next blockbuster Nollywood flick that could tentatively be entitled, “The Making of a Billionaire Whistleblower”.

So, where did Oke get his cash? By magic? Could it be part of the $15b devoured like a buffet in Dasukigate?

These are some of the big puzzles expected to be resolved in the times ahead.

Also sent on suspension on Wednesday is the Secretary to the Federal Government, Lawal Babachir, trailed in the past six months by staggering allegations of helping himself to hundreds of millions of naira through incestuous contract awards to cut grass at the camps of internally displaced persons in the North-east.

According to the Presidency statement, both Oke and Lawal are to stay off work pending the report of a top-level panel headed by the Vice President. The fact-finding committee is given two weeks to complete its work.

In the final analysis, unlike the seeming sleep-walking Presidency, the Economic and Financial Crimes Commission (EFCC) deserves kudos for busting the Osborne Towers scam. Some commentators, obviously with antipathy for the agency, have, as usual, been pouring invectives on its chairman, Ibrahim Magu, for being “so excitable” and preferring “high media drama” to “inter-agency cooperation/collaboration” even after being told that NIA owned the cash upon the arrival of EFCC agents at the location. Predictably, the cash was explained away as meant for “covert operations” to keep the country safe.

But had Magu acquiesced and told his men to vacate the place, how would the rest of us have known that it is possible, even at a time of severe recession, for an institution of state to sit idly over N13b cash for two consecutive years, unknown apparently also to the commander-in-chief himself?We are talking of a figure that represents what four or five states in Nigeria get as federal allocation in a month being at the disposal of one federal DG!

Please, Nigerians can do with even more drama, if that is all the price required of them price to know the truth.

Our Moments Of Angst By Sufuyan Ojeifo

Our nation is now a big theatre where farcical actions and events take place at a pulsating pace. And keeping up with the tempo of the outlandish dramas that have grotesquely assailed our sensibilities has not been easy. The totality of the bizarre storyline centers on the recoveries by the Economic and Financial Crimes Commission (EFCC) of monies believed to be part of our looted commonwealth by some former and, possibly, serving government officials.

The EFCC has, in dramatic fashions, been recovering huge sums of monies from unusual places, far away from the strong rooms or vaults of banking institutions, purportedly on the prompting of some whistle blowers. So dramatic have the locations – airport, market isolated air-conditioned bungalow – and the magnitudes of the discoveries been that they have elicited equally dramatic reactions from different quarters.

The latest discovery of $43.4 million, N23.3 million and 27,800 pounds in a flat at the Osborne Towers in Ikoyi, Lagos, has unarguably been the biggest of such discoveries by the EFCC. How so much money could be kept outside the banking system and in a flat whose ownership has generated controversy speaks to the extreme degeneracy that has afflicted us as a nation.

One had thought that, by now, having had the grace to recover from the shock find and to realize that we were not dreaming after all, the federal government should have quickly cleared the mystery surrounding the ownership of the money through the instrumentality and superintendence of the superior intelligence of its security and investigative agencies.

Indeed, it was enough that the sheer magnitude of the discovery almost benumbed our sense of sanity and questioned our humanism; but to now attempt to throw mindless shenanigans into the mix in order to shield the real owner(s) of the monies in question is to portray Nigerians as fools. Even if we do not know how our commonwealth is being managed, at least, we should be fully briefed about this glaring and unconscionable diversion of huge public fund hidden in the Osborne Towers flat.

The undisguised attempts by the federal government and its agencies, particularly the National Intelligence Agency (NIA) to befuddle the Nigerian people over the ownership of the money should be condemned and rejected by well-meaning Nigerians and the international community. NIA has claimed ownership of the money. But Nigerians have justifiably doubted the agency’s claim.

It is just not enough to put up such claim. There must be incontrovertible evidence to prove it; otherwise, the NIA would be deemed to be playing a fast one, in the circumstance, for reasons best known to it. Some people have even insinuated that the NIA might have resorted to this fatal gambit in order to shield the real owner(s) of the monies.

And Nigerians are reasonably anguished. They are aware that, more than ever, they are being taken for granted by a government which is a custodian of their sacred mandate. Governance is no longer about the people, but about the few privileged elite who have taken advantage of public office to plunder our commonwealth. The owner(s) of the monies is (are) believed to enjoy the sympathy and, possibly, the protection of government.

The NIA claim of ownership is finding it difficult to fly. Or, is the NIA trying to appropriate the monies in the hope that nobody would be courageous enough to come forward to claim ownership? Or, is it acting to protect the real owner(s) for some pecuniary interests? Sincerely, I am not taken in by the NIA claim. The agency has a well-fortified office in Abuja to warehouse its funds for covert operations.

It thus beggars belief that the agency would choose to use an unguarded flat as a safe house for such a humongous amount. Nigerians have asked good questions since the bizarre discovery was made: who is or are the owner(s) of the flat? That can be ascertained. If the owner(s) of the flat leased it out, then to whom did the owner(s) lease it? That also can be verified. The relevant investigative agencies can follow the trail. In between the leaser(s) and the lessee(s), the mystery over ownership can be unraveled.

Dramatically, the governor of Rivers state, Nyesom Wike, has come out to say that the money belongs to Rivers state. The plank on which he has grounded his claim is understandable. Amid the controversy over the ownership of the flat where the monies were found, a series of speculative claims have been made, which linked some individuals with the flat. Former governor of Rivers state, Rotimi Amaechi, who is the incumbent minister of transportation, was one of those who have suffered the misfortune of being mentioned. He has denied ownership of the flat.

The latest media reports, as of press time, were tending in the direction of the existence of some documents -deed of assignment, et al – that point in the direction of NIA ownership. Still speculative as the reports might be, I just hope it is not an attempt to perfect the agency’s gambit to appropriate the monies, the existence of which it did not deem fit, before the discovery, to brief either President Muhammadu Buhari or the National Security Adviser (NSA) about. Why was it after the EFCC discovery that the NIA DG was moving round to brief those he should have briefed before the bust?

Indeed, the entire development has been deliberately made convoluted; and, an otherwise simple matter of pointing a finger of guilt to the culprit of the flat 7b Osborne Towers humongous cashgate, has been made much more complicated by the insincerity of government and some of its agencies. This is very depressing. President Buhari should feel very embarrassed that this is happening under his watch. Instead of seizing the big stage to flog the issue expeditiously, his government is dancing round the issue, perhaps, to protect some person(s).

If the government is thus indicted, then its chicanery will not only blow up in its face, it will also make nonsense of its much-trumpeted anti-corruption crusade. Nigerians who voted for the administration on the platform of its potential capacity to fight corruption to the finish can as well begin to sing the administration’s Nunc Dimittis. Sadly, Nigeria’s international image will suffer a further collateral damage on account of this shocking infamy.

However, I must commend the EFCC – whether it is seeking to impress the president or Nigerians – for the bust and its decision to go to a Federal High Court in Lagos to secure an order for temporary forfeiture of the monies to the federal government. This is salutary in that the court had given enough time for the owner(s) of the money to file an affidavit or a counter affidavit as the case maybe to prove claim of ownership.

The federal government must suspend any other action(s) that may be prejudicial to the court action. Whoever is claiming ownership of the monies should go to court to join issues with the EFCC on May 5; otherwise, the court should proceed to give an order for permanent forfeiture of the monies to the federal government.

And, once that is done, it should settle the matter conclusively. Our angst as a nation would be assuaged if the monies are judiciously and transparently used for programmes, projects and polices that will promote the welfare of the citizenry; otherwise, it will turn out a much monumental tragedy if the monies are re-diverted into the pockets of some smarter public officials, who will, eventually, scornfully laugh at us. That is the real concern.

Sufuyan Ojeifo is an Abuja-based journalist and publisher. You can contact him at [email protected]

EFCC Uncovers $43.4m kept in Lagos Flat

The Economic and Financial Crimes Commission (EFCC) on Wednesday uncovered yet another stash of foreign currencies and Naira notes in Lagos.

At the end of counting, the sums stood at 43.4 million dollars, £27,800 and N23.2 million, the commission said in a statement on its Facebook page.

This time, the monies were found in a four-bedroom apartment on the 7th floor of a residential building at Osborne Towers located at 16, Osborne Road, Ikoyi. The facility is said to be owned by Osborne Towers Resident Association.

The commission said the discovery followed an operation triggered by a whistleblower’s alert received by its Lagos office on Wednesday morning.

The source was said to have noticed suspicious movement of bags in and out of a particular apartment in the building.

According to the source, the movers of the bags made it look like they were bringing in clothes.

The commission quoted another source, who is conversant with the apartment, as saying that a woman usually appeared on different occasions with ‘Ghana Must Go’ bags.

“She comes looking haggard, with dirty clothes but her skin didn’t quite match her outward appearance, perhaps a disguise”, the source said, according to the EFCC.

“On getting to the building, operatives met the entrance door locked.

“The guards at the gate told the operatives that nobody resides in the apartment, but some persons come in and out once in a while.

“In compliance with the magisterial order contained in the search warrant, the EFCC used minimum force to gain entrance into the apartment,” it said.

According to the commission, monies were found in two of the four bedrooms in the apartment.

Further search by operatives into the wardrobe in one of the rooms revealed that it was warehousing three fire proof cabinets hidden behind its wooden panels.

An assessment of the content of the cabinets revealed neatly arranged US Dollars, Pound Sterlings and some Naira notes in sealed wrappers.

Preliminary findings, the EFCC said, indicated that the funds were proceeds of unlawful activity.

The commission said investigation into the discovery had started.

Whistleblower Exposes N4b in GTB Accounts

A tip-off by a whistle blower on Tuesday, 11 April has led to the discovery by the Economic and Financial Crimes Commission, EFCC, of N4 billion kept in two separate accounts at the GTB Plc.

The money was suspected to be proceeds of crime.

Investigations as to the owner of the funds revealed that the money belongs to a former deputy governorship candidate in Niger State.

The suspect uses the names of two companies– Katah Property & Investment Limited and Sadiq Air Travel Agency- in laundering the funds.

Each of the company has N2 billion fixed in its deposit account domiciled in the bank.

The suspected owner of the account and the account officer are currently on the run.

Whistleblowers have become very active in recent days, exposing slush funds and accounts to the authorities, especially the EFCC.

Only yesterday, a whistleblower led EFCC operatives to intercept a cash haul in various currencies at the popular Balogun Market in Lagos.

The monies include €547,730 and £21,090 as well as N5,648,500 .

The total haul is about N250m at the prevailing exchange rate at the parallel market.

The interception followed information that about N250 million cash was being moved somewhere in the market for conversion into foreign currencies by unidentified persons.

Operatives responded timely, met the money in Bureau de Change office, but a chunk of it had been converted into Euro and Pounds sterling.

The BDC operators found in possession of the monies claimed they were acting on behalf of their boss who sent the money to them from one of the Northern states in Nigeria.

Two persons apprehended in the course of the raid are helping the Commission in its investigation.

2,351 Whistleblowers Tip Finance Ministry

The Ministry of Finance, says it has so far received 2,351 tips from whistleblowers bordering on cases of embezzlement of government funds, looting of assets and contract inflation, among others.

In a statement signed by Mr Festus Akanbi, the Special Adviser, Media to the Minister of Finance, Mrs Kemi Adeosun said the tips came via text messages, calls, email and forms filled on the ministry’s website.

“We have received 95 feedbacks through our website, www.whistle.finance.gov.ng, 1,550 tips came through calls on 09098067946 and SMS, 412.

“Also, 194 people sent us emails on [email protected])

He said that out of the 2,351 tips, the office was currently following up on 154, it deemed actionable.

“Some of the tip include: contract inflation and conversion of government assets to personal use, ghost workers, payment of unapproved funds and embezzlement of salaries of terminated personnel.

“Also, improper reduction of financial penalties, diversion of funds meant for distribution to a particular group of people, especially farmers and diversion of funds to personal commercial bank accounts to earn interest.

“Further more, we are following up on cases of non-Remittance of pension and NHIS deductions, failure to Implement projects for which funds have been provided, embezzelment of funds received from Donor agencies and violation of TSA regulations by keeping funds in Commercial banks.

” We are also looking into violations of FIRS (VAT) regulation by adjusting Value Added Tax payment, non-procurement of equipment required for Aviation Safety, money laundering and diversion of funds meant for approved projects,” he said.

Akanbi said that top on the Minister’s agenda, as the Chairman of the Whistleblower programme was to investigate illegal sale of government assets, diversion of revenue (IGR), concealed bailout funds, Illegal recruitment and violation of procurement Act.

It will be recalled that late last year, the Federal Government set up the Whistleblower programme to make it easy for the public to give information bordering on violation of financial regulations, mismanagement of public funds and assets and other financial malpractice.

The Federal Government promised any whistleblower whose information leads to the recovery of up to N1 billion Naira, five per cent of the amount.

While for any amount between N1 billion and N5 billion, the whistleblower stands to get 4 per cent commission. Any amount over N5 billion, will attract 2.5 per cent reward.

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