$9.8m Recovered From ex-NNPC GMD: Will The Whistle Blower Get 5%?

As Nigerians come to terms with the huge amounts of monies recovered from the Kaduna home of Mr. Andrew Yakubu, the former Group Managing Director of NNPC, not a few people have been asking if the whistle blower who tipped off the EFCC will be paid the 5% commission. 

A recent parliamentary act passed by the National Assembly, made it a law that people who provide information leading to the recovery of money believed to be proceeds of corruption are entitled to 5% of what is recovered.

In this instance, $9.8 were recovered from Mr. Yakubu and 5% of that amounts to $490,000, which has a street value of N245 million. On many Nigerian chat groups on social media, my people are saying this would be a true test of the Federal Government's sincerity to adhere to its own law.

Meanwhile, Mr. Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission, EFCC has commended Adamu Dan Musa, the Commission’s head of operations in Kano Zonal Office, who led the EFCC team that recovered over $9.8 million from the residence of a former Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Andrew Yakubu, in Kaduna.

He said the officer and his team demonstrated courage, professionalism and integrity in executing the raid.

He called on staff of the EFCC to emulate the team as the Commission is poised to take the fight against corruption to new heights.

The EFCC boss also used the opportunity to clarify the misleading information in a release by the Police Service Commission, PSC, concerning the promotion of six policemen for outstanding performance.

One of the newly promoted officers, Suleiman Abdul, who is currently on secondment at the EFCC, was purportedly promoted to the rank of Assistant Commissioner of Police because he “recently recovered N42 billion for the Federal Government”.

Mr. Magu said he was unaware of any recent recovery by the officer.

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