It seem the Muhammadu Buhari led admunistration least expected that it 5% proposal to whistle-blower was not going to be this huge as the Ikoyi drama on payment lingers on.
Yakubu Galadima, the lawyer of the whistle-blower who led the EFCC to the horde of cash- $43m, N23.2m and £27,800 (N13bn), recovered from an apartment in Ikoyi has stated that the whistle-blower won’t accept anything less than 5 per cent.
When asked if his client would accept anything less than five per cent, he said, “Not at all.”
Galadima had stated last week that the commission his client was expecting from the Federal Government was N860m and not N325m.
According to the Secretary of the Presidential Advisory Committee Against Corruption, Prof. Bolaji Owasanoye, “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.”