Whistle blowers have nothing to worry about as the Federal Government has said that it will protect and reward those who provide information that leads to the recovery of stolen funds or assets.
The Minister of Information and Culture, Alhaji Lai Mohammed, stated this in a statement issued on Sunday, said that the Federal Government would protect the identity of all whistle-blowers, whether in the public or the private sector, and also ensure that the information they provide is kept secret.
”For those who may have suffered any backlash as a result of the information they provide, their cases will be reviewed and appropriate mitigating actions taken,” he said.
Mohammed said the assurance followed the presentations made to the Presidential Assets Recovery Committee by concerned citizens and groups about the safety of whistle-blowers.
”Whistle-blowers have nothing to fear, because the committee has put in place the necessary measures to safeguard those who give useful information. As a matter of fact, whistle-blowers have everything to gain and nothing to lose,” he said.
The Minister said any whistle-blower whose information leads to the recovery of up to N1bn will receive five per cent of the amount; that the reward for any amount between N1bn and N5bn will be five per cent for the first N1bn and four per cent of the remaining N4bn, and that any amount over N5bn will attract 2.5 per cent reward.
He said, ”For example, if a whistle-blower provides information leading to the recovery of N10bn, he or she will receive five per cent of the first N1bn, four per cent of the next N4bn and 2.5 per cent of the remaining N5bn.
According to him, ”What we have done by making this information public is to reassure potential whistle-blowers that the plan to reward is real.
“We are not just saying we will pay all whistle-blowers, but we are letting them know in advance what they are entitled to, once the information they provide leads to the recovery of looted funds.”