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Magu never said whistleblower has been paid – EFCC

The Economic and Financial Crimes Commission has clarified remarks credited to its Acting Chairman, Mr Ibrahim Magu, concerning the Ikoyi whistleblower on Thursday.

Spokesman of the commission, Mr Wilson Uwujaren, said in a statement on Friday that Magu never said the whistleblower had been paid his compensation as being insinuated in a section of the media.

The informant had provided intelligence that led to the recovery of $43.5m, £27,800 and N23.2m stashed in an apartment on Osborne Towers in Ikoyi, Lagos on April 7.

By the Federal Government’s whistleblower policy that took effect in December, 2016 informants are entitled to between two and five per cent of the looted money they helped to recover.

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