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$43 Million In Lagos Flat: Whistle-blowers Sue Nigerian Government

Unic Press UK: The Nigerian government has been dragged to court by three men over the sum of $43,449,947 (₦15.3 billion), ₦23,218,000 and £27,800, which  were discovered by the Economic and Financial Crimes Commission (EFCC) in a nine-floor building [comprising of 19 apartments and two penthouses] situated at 16 Osborne Road, Ikoyi, Lagos.

The building, known as 16 Osborne Road, Ikoyi, Lagos, allegedly belongs to a former Peoples’ Democratic Party chairman, Ahmed Muazu, but the National Intelligence Agency (NIA) had claimed ownership of the monies.

In a suit No: FHC/ABJ/CS/1158/2017 of 22nd November 2017, the plaintiffs prayed the court to issue an order that would compel the defendants to pay them between 2.5%-5.0% of the amount recovered, in line with the Whistle-blowers Executive Policy or Whistle-blowers Executive Order, reports the Sun Newspapers, Nigeria.

About Nigeria’s Whistle-blower Policy

Nigeria’s Whistle-blower Policy, which was approved by the Federal Executive Council in December 2016, is the brainchild of the Federal Ministry of Finance.

The policy stipulates that any whistle-blower(s) that gives information leading to the recovery of stolen public assets may be entitled to between 2.5%-5.0% of the total amount recovered.

 

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