Whistle-Blower: FederalGovernment recovers another $151m, N8bn loot

The Minister of Information and Culture, Alhaji Lai Mohammed, in a statement issued on Sunday in Lagos, said actionable information given by whistle-blowers to the office of the Minister of Justice and Attorney-General of the Federation led to the recovery of the looted fund.

He said the looted funds do not include the $9.2m in cash allegedly owned by a former Group Managing Director of the NNPC, also a dividend of the whistle-blower policy.

"If there is a voluntary return of stolen or concealed public funds or assets on the account of the information provided, the whistle blower may be entitled to anywhere between 2.5 per cent (Minimum) and 5.0 per cent (Maximum) of the total amount recovered."

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