The payment due to the whistleblower, who provided tips that led to the recovery of funds stashed away in a property in Ikoyi, Lagos State, will be released this month, Minister of Finance, Kemi Adeosun, has said.

She said the payment was among those being processed in the November batch, which will be released within the current month.

Daily Trust reports that the tips provided by the whistleblower led to the recovery of $43 million, £27,800 and N23 million from the property by the Economic and Financial Crimes Commission (EFCC).

The minister said this yesterday in a statement by her special adviser on media and communications, Oluyinka Akintunde.

Oluyinka Akintunde, special adviser to the finance minister, issued a statement on Sunday evening to give an update on the development.

The statement said the federal government has not withheld any fund due to any whistleblower.

“The Ministry has in place detailed procedures for processing payments due under the Whistleblower Policy. The procedures were designed to prevent abuse and legal disputes and to ensure protection of the information providers.

“These procedures include an application by the agency who recovered the funds including evidence of the recovery, confirmation that there are no pending legal issues on the recovery, verification of the identity of the information provider, calculation of the amount payable and computation of relevant taxes.

“It must be stated also that payments are made in monthly batches to ensure control and to protect the identity of information providers. To date, over 20 of such persons have been paid. From available records, the payment due on Ikoyi is among those being processed in the November batch, which will be released within the current month.”

Source: DailyTrust

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