Whistleblowing just got very lucrative. According to the Federal Government, Whistleblower whose information results in the recovery of N1 billion to 5bn will receive 5percent of the first billion and 4 percent on the remaining N4 billion.
What this means is that on his very N5bn recovery, N50million will be mad from the first N1bn and N160million from the remaining N4 billion making a total of N210million.
Minister if Information and Culture, Mohammed Lai, while disclosing this new development said that the government will protect the identity of all whistleblowers, whether in the public or the private sector by keeping information they provide secret. The minister also said cases of those who may have suffered backlash as a result of the information they provide will be reviewed and appropriate mitigating actions taken.
‘‘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.‘‘What we have done by making this information public is to reassure potential whistleblowers that the plan to reward is real. We are not just saying we will pay all whistleblowers, 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 added.