The federal government have said that whistleblowers whose information leads to recovery of N1billion to N5 billion will receive 5 percent for the first N1billion and 4 percent of the remaining N4 billion.
Making the clarification in a statement yesterday, minister of Information and Culture, Alhaji Lai Mohammed said any amount over N5billion will attract 2.5% reward.
By implication a whistleblower on N5bn recovery will make N50million from the first N1bn and N160million from the remaining N4 billion making a total of N210million.
The minister said government will protect the identity of all whistleblowers, whether in the public or the private sector by keeping information they provide secret.
He said the assurance followed the presentations made to the Presidential Assets Recovery Committee by concerned citizens and groups about the safety of whistleblowers.
The minister also said cases of those who may have suffered backlash as a result of the information they provide will be reviewed and appropriate mitigating actions taken.
‘‘Whistleblowers have nothing to fear, because the committee has put in place the necessary measures to safeguard those who give useful information. As a matter of fact, whistle-blowers have everything to gain and nothing to lose,’’ he said.
‘‘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,’’ he added.