Minister of Information and Culture, Alhaji Lai Mohammed, has reiterated that the Federal Government will protect and reward whistle-blowers who provide information that leads to the recovery of stolen funds or assets.
In a statement issued in Lagos on Sunday, he said FG will 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.
”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 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.