Politics

FG only pays whistleblowers for recovery of illegal funds – Malami

The Attorney-General of the Federation, Abubakar Malami (SAN) says the federal government only rewards whistleblowers for the successful recovery of illegal funds.

Malami made this known in a statement issued by his Media Aide, Dr Umar Gwandu, on Sunday in Abuja. The Minister of Justice noted that the government does not pay for the exposure of suspected illegitimate funds or mere tracing of such funds.

He said: “The Office of the Attorney-General of the Federation and Minister of Justice wants to make it categorically clear that one does not get paid on account of exposing looted assets, but on successful recovery and lodgment of same into the designated assets recovery account at the Central Bank of Nigeria.

“It is about establishing that the funds in the account are looted assets or illegitimately warehoused and following that up with actual recovery and lodgment of the funds in the designated Asset recovery account through judicial and extra judicial means.

“Entitlement to recovery fees is for all intent and purposes contingent on lodgment of the purported/exposed assets constituting the subject of recovery into the Federal Government Recovery designated Account.

“This account is maintained at the instance of the President at the Central Bank of Nigeria and the details of the account are contained in the engagement letter.

“The agreed remuneration shall become due and payable to the whistle-blower within thirty (30) days of the receipt of the recovered/looted funds by the Federal Government of Nigeria and payment shall be made to the designated/nominated account provided in writing by the whistle-blower.”

Malami advised that “if the whistleblower in the circumstances of this case feels strongly that there is any claim of wrong doing associated with the alleged claim relating to recovery process, the whistle-blower should consider lodging a complaint with the relevant institutions of his choice for the matter to be properly investigated and or consider a judicial redress in the alternative”.

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Olugbenga Ige

Ige Olugbenga is a fine-grained journalist. He loves the smell of a good lead and has a penchant for finding out something nobody else knows. Gbenga is an alumnus of the prestigious Adekunle Ajasin University, Ondo State and The Polytechnic, Ibadan.

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