The Federal Government has confirmed its commitment to reward and protect whistle-blowers who provide information that lead to recovery of stolen funds or assets.
Alhaji Lai Mohammed stated this recently.
Mohammed, who was responding to a question on the stash of money recovered from an apartment in Ikoyi, Lagos, said the whistle blower will get the due reward.
He clarified the compensation modality as contained in the framework, saying any whistle-blower whose information leads to recovery of up to N1 billion will receive five per cent of the amount.
He said the reward for any amount between N1 billion and N5 billion is 5 per cent for the first N1 billion and four per cent of the remaining N4 billion.
The minister added that any amount above N5 billion will attract 2.5 per cent reward.
Mohammed noted that the policy of government is to keep the identity of whistle blowers secret.
He described as unfortunate the situation where more than one person came out as whistle blowers for the Ikoyi recovery.
He disclosed that the Federal Government has come up with comprehensive strategy to tackle violent extremism across the country.
According to him, the strategy was contained in a document entitled “Policy Framework and National Action Plan for Preventing and Countering Violent Extremism” launched by President Muhammadu Buhari.
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