Ikoyo Cash: Whistleblower gets N421m, jets out of Nigeria

The Federal Government, yesterday, paid N421 million to the Ikoyi whistle blower, who provided information leading to the discovery of $43.5 million, £27,800 and N23.2 million at No. 16 Osborne Road, Ikoyi, Lagos.

According to Vanguard, the money was paid to the beneficiary by officials of the Ministry of Finance after which he left Nigeria for an undisclosed country.

It was further learned that the eventual recipient of the reward money was the person who had earlier been taken to Yaba Psychiatric Hospital, Lagos, by the Economic and Financial Crimes Commission, EFCC, on the suspicion that he could be mad.

However, what government paid in line with the Whistle-blower Policy which recommended 2-5 per cent of any amount recovered for a whistle blower, was not the total amount due the Ikoyi whistle-blower.

When the next tranche would be paid could not be confirmed by Vanguard.

The whistle-blower’s lawyer, Mr. Yakubu Galadima, had in November, dismissed reports that his client would receive N350 million reward, saying the actual figure was N850 million.

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Galadima, however, told Vanguard yesterday that payment of the reward to his client had confirmed his insistence that he was the true whistle-blower, adding that the development is expected to put an end to any doubt over who actually blew the whistle.

His words: My client has been paid. He was paid yesterday and has since left the country. As we are speaking, he is not in Nigeria. However, the money was paid directly to him.

“The government said they were going to pay the money directly to him and that was what they did. The person that was paid was the same guy they claimed had a psychiatric problem.

“What has happened confirmed my client, who has all along been known as the principal whistle-blower as the real whistle-blower.’’

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