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Ikoyi Whistle Blower Drags Efcc To Court - Politics - Nairaland

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FG Pays Ikoyi Whistle-blower N421m; Jets Out Of The Country / Ikoyi Whistle-blower Rejects Fg’s N325m, EFCC Delays Payment / "Ikoyi Whistle-blower Is Mad" - EFCC Says, Takes Him To Psychiatric Hospital (2) (3) (4)

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Ikoyi Whistle Blower Drags Efcc To Court by kunzeal: 8:21am On Nov 28, 2017
The whistle-blower, Abdulmunmini Musa, who reportedly
provided the information leading to the seizure of $43m,
N23.2m and £27,800 (N13bn) from an apartment in Ikoyi,
Lagos state , » has sued the Economic and Financial Crimes
Commission (EFCC). Also joined in the suit filed at the
Federal High Court, Abuja, are the Federal Ministry of
Finance, and the Attorney General of the Federation and
Minister of Justice, Mr. Abubakar Malami (SAN). According
to reports, Musa had earlier rejected the N325million »
offered to him by the Federal Government, insisting on his
five percent commission of N860m. Whistle blower policy
The Federal Government had promised to pay anyone who
provides information that leads to the recovery of over
N1b, will get a commission of five percent.
According to Prof. Bolaji Owasanoye, the Secretary of the
Presidential Advisory Committee Against Corruption, who
was part of the team that drafted the whistle-blower policy,
“If you blow the whistle and the government recovers cash,
you are entitled to between 2.5 per cent and five per cent.
The maximum limit is five per cent. “According to the
policy, if you blow the whistle and it is below N500m, you
get four to five per cent because the higher the amount that
is recovered, the lower the percentage that is given. This is
the global best practice. “If the recovery is between N500m
and N1bn, you get three to four per cent (commission). If it
is N1bn and above, it is 2.5 per cent. Indeed, there is a
clause that we included in the policy to say that the
government may determine the amount to be awarded
based on other criteria provided that the amount to be
awarded doesn’t exceed five per cent. In other words, the
government may actually pay less than 2.5 per cent but
nobody can be paid more than five per cent.”
Read full article at www.olubamznews.com/2017/11/ikoyi-whistle-blower-drags-efcc-to-court.html?m=1
Re: Ikoyi Whistle Blower Drags Efcc To Court by Slayer2: 8:30am On Nov 28, 2017
I have a feeling they might soon assassinate this guy. Snitches never have a happy ending.

1 Like

Re: Ikoyi Whistle Blower Drags Efcc To Court by Mynd44: 8:40am On Nov 28, 2017

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