It is no doubt that since the federal government introduced the whistle-blower policy, there has been tangible amount of recoveries of stolen funds.
According to him, the reward for any amount between 1 and 5 billion Naira will be 5 per cent for the first 1 billion Naira and 4 per cent of the remaining 4 billion Naira, and that any amount over 5 billion Naira will attract 2.5% reward. According to NAN computation, a whistleblower that leads Nigeria to the recovery of cash or assets worth N5billion, will earn N210million.
”For example, if a whistleblower provides information leading to the recovery of 10 billion Naira, he or she will receive five per cent of the first one billion Naira, four per cent of the next four billion Naira and 2.5 per cent of the remaining five 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.
Mohammed also gave the assurance that the government will protect the identity of all whistleblowers,whether in the public or the private sector, and also ensure that the information they provide is kept secret.
”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,” Mohammed said.
Alhaji Mohammed said the assurance of protection followed the presentations made to the Presidential Assets Recovery Committee by concerned citizens and groups about 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,” he said.