Ikoyi Whistleblower Has Not Seen N1m Before – EFCC

The dollars found in Osborne apartment Ikoyi house. A whistle blower exposed the money

The Economic and Financial Crimes Commission (EFCC) has revealed the reason why the man who exposed the $43.5 million, £27,800 and N23.2 million found at an apartment on Osborne Towers Ikoyi, Lagos has not been paid his money.

Acting EFCC chairman, Ibrahim Magu said the man has not seen N1m before and there is the need for the commission to guide and counsel him on how to make good use of the money.

EFCC spokesman, Wilson Uwujaren in a statement on Friday, quoted Magu 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”, Magu reportedly told a United Nations anti-corruption conference.

Uwujaren clarified 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 $43.5 million, £27,800 and N23.2 million 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.

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 N17 billion and not the N13 billion 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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