The Federal Government of Nigeria has said it will protect and reward whistleblowers who give information that will help recover stolen funds or assets.
The Minister of Information and Culture, Alhaji Lai Mohammed, in a statement on Sunday, said that identities of whistleblowers from both private and public sectors will be safe and the information provided will be 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.”
Mr. Mohammed said the assurance followed recommendations received by the Presidential Assets Recovery Committee from concerned citizens and groups on the safety of whistle-blowers.
“Whistleblowers 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,” said Mr. Mohammed
He revealed that any whistle-blower whose information leads to the recovery of up to 1 billion Naira will receive 5% of the amount; that the reward for any amount between 1 and 5 billion Naira will be 5% for the first 1 billion Naira and 4% of the remaining 4 billion Naira, and that any amount over 5 billion Naira will attract 2.5% reward.
“For example, if a whistle-blower provides information leading to the recovery of 10 billion Naira, he or she will receive 5% of the first 1billion Naira, 4% of the next 4 billion Naira and 2.5% of the remaining 5 billion Naira.
“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,” he said.