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Ikoyi Whistleblower rejects N325m given to him

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The lawyer for the whistle-blower, Yakubu Galadima, who informed the Economic and Financial Crimes Commission of the $43m, N23.2m and £27,800 (N13bn) recovered from an Ikoyi apartment, says his client will not accept anything below five per cent commission.

Galadima said this during a chat with one of our correspondents on Saturday.

The Secretary of the Presidential Advisory Committee Against Corruption, Prof. Bolaji Owasanoye, at an event on Thursday titled, ‘Tracking Noxious Funds’, which was organised by Kent University Law School and Human and Environmental Development Agency, had explained that any whistle-blower, who helped the government to recover anything above N1bn would receive less than five per cent commission.

Owasanoye, who was part of the team that drafted the whistle-blower policy had said, “If you blow the whistle and the government recovers cash, you are entitled to between 2.5 per cent and five per cent. The maximum limit is five per cent.

“According to the policy, if you blow the whistle and it is below N500m, you get four to five per cent because the higher the amount that is recovered, the lower the percentage that is given. This is the global best practice.

“If the recovery is between N500m and N1bn, you get three to four per cent (commission). If it is N1bn and above, it is 2.5 per cent. Indeed, there is a clause that we included in the policy to say that the government may determine the amount to be awarded based on other criteria provided that the amount to be awarded doesn’t exceed five per cent. In other words, the government may actually pay less than 2.5 per cent but nobody can be paid more than five per cent.”

However, the Ikoyi whistle-blower’s lawyer told SUNDAY PUNCH on Saturday that his client would not accept anything less than five per cent.

When asked if his client would accept anything less than five per cent, he said, “Not at all.”

Galadima had stated last week that the commission his client was expecting from the Federal Government was N860m and not N325m.

He had also stated that the commission should be paid based on the exchange rate at the time the money was recovered and not the current one.

Attempts to get comments from the Ministry of Finance were not successful as calls and a text message sent to the Director of Information in the ministry, Mr. Salisu Dambatta, were not responded to.

Source: ( Punch Newspaper )

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National News

BREAKING: NBC Sanctions AIT, Channels, AriseTV Over Lekki Shooting

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BREAKING: NBC Sanctions AIT, Channels, AriseTV Over Lekki Shooting
BREAKING: NBC Sanctions AIT, Channels, AriseTV Over Lekki Shooting

National Broadcasting Commission

Three Nigerian television broadcasting media houses have been fined a sum of nine million Naira (N9,000,000) by the National Broadcasting Commission, NBC over the coverage of the nationwide #EndSARS protest against police brutality.

Channels Television, AIT and Arise TV were each awarded an N3m fine over “unprofessional coverage” of the EndSARS protests across the nation.

Also Read: NASS Will Secure Justice For Police Brutality Victims, Ensure Five-Point Demands Are Implemented – Lawan

The declaration was announced during a press conference on Monday, October 26 at the federal capital territory, Abuja, by the acting Director-General of the NBC, Prof. Armstrong Idachaba.

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Shehu Sani Reacts As FG Considers Giving Electricity To Chad

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Shehu Sani Mocks FG Poverty Alleviation Scheme
Shehu Sani Mocks FG Poverty Alleviation Scheme

Shehu Sani

Former lawmaker, Senator Shehu Sani has described the plan of the Federal Government to export electricity to Chad as absurd.

In a report circulated by PUNCH, it is believed that the federal government is considering supplying electricity to the Republic of Chad following a recent request by the neighboring country.

This follows a statement by the government-owned Transmission Company of Nigeria that a meeting was held last week to discuss the possibilities of connecting the neighboring country.

Also Read: Nigerians Reacts As FG Considers Giving Electricity To Chad

The report has led to widespread condemnation of the government by Nigerians, querying how a country that doesn’t have stable electricity plans to export the little it generates.

Reacting to the report, the former lawmaker wrote:

“The idea of the FG exporting electricity to Chad in the midst of our ‘national darkness’ is absurd.”

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NASS Will Secure Justice For Police Brutality Victims, Ensure Five-Point Demands Are Implemented – Lawan

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SARS has been disbanded, no need to continue the protest – Senate President, Lawan
NASS Will Secure Justice For Police Brutality Victims, Ensure Five-Point Demands Are Implemented – Lawan

Ahmad Lawan

Senate President, Ahmad Lawan has assured that the National Assembly will get justice for victims of police brutality.

Lawan said the legislature will collaborate with the executive to ensure that rights abuses by personnel of the disbanded Police Special Anti-Robbery Squad (SARS) are probed.

The lawmaker, in a statement on Monday, noted that the government has shown a commitment to implement the five-point demands of the #EndSARS protesters.

“I want to seize this opportunity to re-assure our youths that the National Assembly will collaborate with the Executive to ensure justice for victims of misconduct and rights abuses by personnel of the disbanded Special Anti-Robbery Squad of the Nigeria Police.

“In the same vein, to discourage impunity, we will insist that the perpetrators of the alleged abuses be prosecuted and sanctioned as appropriate.”

Also Read: Lekki Toll Gate Future Proceeds Should Go To Victims Of Police Brutality: Tinubu

He condoled with the victims of the reprehensible violence and criminality witnessed in the last few days in many parts of the country.

“I send my condolences to the families of our security and law enforcement agents who have made the supreme sacrifices in the course of their service to their fatherland.

He, however, condemned the arson, violence, and looting in several parts of the country.

“I also call for a thorough investigation of every criminal act that we have witnessed in the past few weeks with a view to bringing to justice all those elements who have so callously destroyed public and private property”.

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