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. NAN]]>

"Exciting news! TheNigeriaLawyer is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest legal insights!" Click here! .......................................................................................................................
199
Created on
The NBA Administration led by Y. C Maikyau, SAN.

In Your Opinion, Has Y. C Maikyau, SAN, Demonstrated Strong Leadership Qualities As The NBA President?

Min votes count should be 1
Unauthorized use and/or duplication of this material and other digital content on this website, in whole or in part, without express and written permission from TheNigeriaLawyer, is strictly prohibited _________________________________________________________________

School Of Alternative Dispute Resolution Launches Affiliate Program To Expand Reach

For more information about the Certificate in ADR Skills Training and the affiliate marketing program, visit www.schoolofadr.com, email info@schoolofadr.com, or call +2348053834850 or +2348034343955. _________________________________________________________________

NIALS' Compendia Series: Your One-Stop Solution For Navigating Nigerian Laws (2004-2023)

Email: info@nials.edu.ng, tugomak@yahoo.co.uk, Contact: For Inquiry and information, kindly contact, NIALS Director of Marketing: +2348074128732, +2348100363602.