₦airaland Forum

Ebisco01:
Yakubu Galadima, the lawyer for the whistle-blower, who informed the Economic and Financial Crimes Commission of the $43m, N23.2m and £27,800 (N13bn) recovered from an Ikoyi apartment, says his client will not accept anything below five per cent commission.

Galadima said this during a chat with one of our correspondents on Saturday.

The Secretary of the Presidential Advisory Committee Against Corruption, Prof. Bolaji Owasanoye, at an event on Thursday titled, ‘Tracking Noxious Funds’, which was organised by Kent University Law School and Human and Environmental Development Agency, had explained that any whistle-blower, who helped the government to recover anything above N1bn would receive less than five per cent commission.

Owasanoye, who was part of the team that drafted the whistle-blower policy had said, “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.”

However, the Ikoyi whistle-blower’s lawyer told SUNDAY MC EBISCO on Saturday that his client would not accept anything less than five per cent.

When asked if his client would accept anything less than five per cent, he said, “Not at all.”

Galadima had stated last week that the commission his client was expecting from the Federal Government was N860m and not N325m.

He had also stated that the commission should be paid based on the exchange rate at the time the money was recovered and not the current one.

Attempts to get comments from the Ministry of Finance were not successful as calls and a text message sent to the Director of Information in the ministry, Mr. Salisu Dambatta, were not responded to.

Beneficiary to be paid before Thursday, says ministry official

Meanwhile, there are indications that the Ministry of Finance is awaiting the final clearance from the EFCC before it can pay the Ikoyi whistleblower.

Officials in the ministry confided in one of our correspondents that the whistle-blower was expected to be paid before the end of this month.

However, it was gathered that while the ministry was ready to make the payment, the move could be delayed as administrative work was still ongoing on the issue.

The official said the ministry had put in place detailed procedures for processing payments under the whistle-blower policy.

These procedures, according to the official, were designed to prevent abuse, legal disputes and to ensure protection of the information providers.

He stated that the identity of the information provider must be verified, adding that there would be calculation of the amount payable and computation of relevant taxes.

The source stated, “The ministry of finance is not directly involved in the recovery of looted fund; that is the responsibility of the various security agencies.

“Our role is to make payment and you will recall that last week, the finance minister said payment would be made this month to the person who assisted in the recovery of looted funds including the Ikoyi whistle-blower.

“That process is on and final payment can be released when we receive confirmation from the agency that made the recovery before we can know who to pay money to.

“In the case of the Ikoyi recovery, we are talking of the EFCC which is the agency that made the recovery and once they give us final confirmation, payment would be made.”

In a related development, Owasanoye has revealed that violation of the directive regarding the Treasury Single Account by government agencies and officials tops the list of recoveries made from the whistle-blower policy.

Owasanoye said, “As of the end of October, over 5,000 whistles had been blown and about 75 per cent of that came from phone calls. So, you can report on the website, email, text message or phone call.

“What are the things that the various communications have covered? Contract inflation, ‘ghost workers’, payment of unapproved funds, embezzlement of salaries, diversion of excess crude funds, improper reduction of financial penalties, diversion of funds meant for people, placing money in a commercial bank, non-remittance of deduction of pensions or NHIS and failure to implement projects.

“Others include embezzlement of funds received from donors, embezzlement of payment meant for personnel emoluments, violation of TSA which is the highest, violation of FIRS regulations, non-procurement of safety equipment, money laundering, illegal sale of government assets, diversion of IGR which is the second largest, financial misappropriation, concealed bailout funds, mismanagement of micro-finance banks and illegal recruitment.”

http://www.mcebisco.com.ng/2017/11/ikoyi-whistle-blower-rejects-fgs-n325m.html

DONSMITH123:
Cc: lalasticlala

InsideOut247:
@InsideOutBlog

www.nairaland.com/attachments/6296139_4_jpeg9679ccb5a92f650b83fcf29e0a6a6775


Ozinna, daughter of billionaire businessman, Willie Anumudu, stepped out in an elegant figure hugging dress to the traditional wedding of BankyW and Adesua over the weekend..

http://insideout247..com.ng/2017/11/see-billionaire-daughter-ozinna.html

Amhappy:
Women always working hard to pull their fellow women down. That's pretty common.

Baawaa:
Sorry son of harlot

gracelush:
npowe, you people are nothing but scam, upon all the stress I passed through, you didn't choose me...

gracelush:
npowe, you people are nothing but scam, upon all the stress I passed through, you didn't choose me...

klexycole:
E don set

My prediction

1. Argentina

2. Peru

3. Costa Rica

3. Nigeria

Let's see how far that goes. I rep the Super Eagles

The Land is Green.

hybeet:
love is really wonderful. keep loving. happy married life boss.

id911:
"By the grace of God, I have created 50,000 direct jobs and perhaps hundreds of thousands of indirect jobs because I believe that Oil is not Nigeria's biggest assets, Nigerians are!" Atiku Abubakar


Nigerians, let's hand over our economy to someone who has a tract record of creating jobs to take the common man out of misery and poverty


Let's ATIKULATE in 2019!

aminulive:
Hundreds of youths in Kogi state protested against the donation of food items to Civil servants in the state by Senator Dino Melaye and some members of the Senate.

The youths chanted that Kogi state was not a home for 'Internally displaced persons'(IDPs) adding that the state governor, Yahaya Bello was paying salaries up to date.

The protesters blocked the Lokoja Abuja highway way for several minutes causing gridlock for travellers plying the road. Photos below;

https://politicsngr.com/2017/10/28/rice-donation-state-not-idp-camp-kogi-youths-protest/

Talkwell:
If you still dey feel pain,go see doctor ASAP

HungerBAD:
https://www.vanguardngr.com/2017/10/2015-poll-conceded-defeat-jonathan/

Sunmolar:
3years ago pretty 2017 baby doll pls revert to 2014

Sunmolar:
3years ago pretty 2017 baby doll pls revert to 2014

QueenSekxy:
lol..3 years ago and
2017..

QueenSekxy:
lol..3 years ago and
2017..

Mztarstrechy:
Read more http://www.trezzyhelm.com/2017/10/woman-battered-by-her-husband-on-their.html?m=1

FlirtyKaren:
Do you remember Emmanuel Oyediran, the Ikeja Under Bridge beggar who was lynched after he was wrongly accused of stealing a good Samaritan's penis? He has undergone a successful surgery for "colostomy prolapse", which left his intestine outside.

Nigerian Naval Officer, Kola Onifoto who debunked rumours of him being a ritualist and further launched a https://www.nairaland.com/4079486/gofundme-account-emmanuel-oyediran-beggar GoFundMe account to raise money for his surgery and upkeep, shared pre and post-surgery photos;


Source: https://www.lailasblog.com/beggar-accused-stealing-good-samaritans-penis-undergoes-corrective-surgery-photos/

victorstiles438:
call or whatsappp +234 812 732 7150: B935EAEAQAEWWS-1432894
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call for today's game