Nigeria Pays 14 Whistleblowers N439m Reward

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The federal government of Nigeria has said that about fourteen persons who gave useful tips that led to the recovery of several billions of Naira and some millions in hard currency from some corporate tax evaders were paid about N439.3 million this week.

The Finance minister, Kemi Adeosun, who made this known, however, failed to mention the names of the offending companies. But, she told reporters in Abuja that about N14.8 billion, consisting N7.8 billion, $378 million and £27,800 were recovered.

The minister further said the recovered monies paid to the Federal Inland Revenue Service (FIRS) have since been shared.

Following tips by the whistleblowers in line with the whistleblower policy of the federal government, Mrs Adeosun said the companies were busted after years of either evading taxes or under-paying government as a deliberated policy.

“This is the first time we are having that number (of whistleblowers) where we have concluded either communications with the companies and they have actually paid the money to FIRS,” the minister said.

Since the whistleblower policy was introduced in December 2016, the minister said about 8,373 communications have so far been received from various persons willing to volunteer information on tax evaders.

Out of the number, she said about 1,231 were tips that triggered about 534 investigations so far from where ten accused persons were currently under prosecution, with four already convicted of the offence.

Datboyjerry

Datboyjerry

I am but your herald boy in the art of the pen.. An eccentric Environmental Biologist smouldered in the glorious epiphany of online journalism. If you ever find my article unduly insipid, sue me and i’ll refund you...

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