Lagos State agents of Economic and Financial Crimes Commission, EFCC, yesterday, found $38 million, £27,000 and N23 million in a residential building on Gerrard Road, Ikoyi, Lagos.
The commission acted on a tip-off by yet another whistleblower. Read more on Naij
EFCC agents, who ransacked the house, early yesterday, were still counting the money at press time. The Commission’s spokesman in Lagos, Mr Samin Amaddin, who confirmed the discovery, said the agents, who went on the mission, were yet to return to base last night.
Recovered money being counted
Photo credit: vanguardngr.com
The Federal Government recently spelt out the benefits awaiting whistleblowers as it also pledged to protect them. Minister of Information and Culture, Alhaji Lai Mohammed, said any whistleblower whose information led to the recovery of up to N1 billion would receive five per cent of the amount.
According to him, the reward for any amount between one and five billion naira would be five per cent. “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.”
So far the Commission has gotten a court order to forfeit all the money to the Federal Government pending when anyone comes forward to claim the money.