Nigeria’s Minister of Information and Culture Lai Mohammed has said that any whistle-blower, whose information leads to the recovery of up to N1 billion will receive 5 percent of the amount.The minister, who made clarification in Abuja, said that the reward for any amount between 1 and 5 billion Naira would be 5 percent for the first 1 billion naira and 4 percent of the remaining 4 billion naira, and that any amount over 5 billion naira will attract 2.5 percent reward.
Local media reports quoted the minister as saying that a whistle-blower that leads Nigeria to the recovery of cash or assets worth N5billion, will earn N210million.
”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.
He assured that the government 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.
According to the minister, 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,” Mohammed said, adding: ”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.”