The Minister of Finance, Mrs. Kemi Adeosun, had two weeks ago said that the Federal Government would pay the sum of N421,330,595 to only one individual identified for providing information that led to the recovery of the alleged stolen funds hidden in a flat at the Osborne Towers, Ikoyi, Lagos.
Adeosun had said N421,330,595 would be paid to the legitimate informant.
A senior official in government told our correspondent that a directive for the release of the fund had been issued by Adeosun.
The source said all the administrative procedures needed for the release of the fund had been concluded, noting that before the end of the week, the money would be released.
The source said, “The money for the payment of the Ikoyi whistle-blower is ready and that money is ready for release this week.
“A directive has already been issued that the money should be released to the whistle-blower and that will be done before the end of the week.”
The Director of Information in the finance ministry, Mr. Salisu Dambatta, could not be reached for comments as calls and a text message sent to him did not go through.
According to the Federal Government’s whistle-blower policy, informants in such cases are eligible to receive between 2.5 per cent and 5 per cent of any recovered money.
Several persons have so far laid claims to providing information that led to the recovery of the huge Ikoyi fund.