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Ikoyi whistle-blower rejects FG’s N325m as lawyer tells EFCC client wont accept anything less than 5% of total money

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My client will not accept anything below than 5% commission, Yakubu Galadima, the lawyer for the whistle-blower whose information led to the recovery of huge amount of money in Ikoyi apartment has said.
Galadima revealed this while speaking to The Punch on Saturday. Recall the Federal Government had said through the Secretary of the Presidential Advisory Committee Against Corruption, Prof. Bolaji Owasanoye, at an event on Thursday titled, ‘Tracking Noxious Funds had declared that any whistle-blower, whose information leads to the recovery of anything above N1bn would receive a commission. He made the disclosure as one of those who drafted the policy.
 “If you blow the whistle and the government recovers cash, you are entitled to between 2.5 per cent and five percent. 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.”
While speaking with The Punch, Galadima said his client would not receive anything less than than five per cent.
When asked if his client would accept anything less than five per cent, he said, “Not at all.”

Ikoyi whistle-blower rejects FG’s N325m as lawyer tells EFCC client wont accept anything less than 5% of total money Reviewed by Blessing Admin on 03:47 Rating: 5

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