Ikoyi Loot: Whistle Blower Heads Abroad As FG Pays First Tranche Of Commission

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The Federal Government has paid part of the N421 million commission to the whistle blower who helped the Economic and Financial Crimes Commission (EFCC) recover $43m, N23.2m and £27,800 (N13bn) from an Ikoyi apartment on April 12, 2017.

According to The Punch, the unidentified whistle blower’s lawyer, Yakubu Galadima, confirmed this in an interview on Wednesday.

While praising the government for honouring the agreement to pay the commission, he urged the government to ensure that the balance of the money is paid next year as promised.

Galadima also said that the whistle blower had travelled abroad on confirmation of the payment.

However, he did not say how much was credited to his client by the Federal Government.

“My client confirmed to me that he had received a credit alert from the Federal Government. He travelled out of the country this morning (Wednesday morning).

“He has been paid the first instalment but there were many tax deductions. Yes, we are happy. I will give you more details later but I can confirm now that he has received some money.

“As you can see, my client did not run mad as predicted by Prof. Itse Sagay,” the lawyer said.

The looted fund led to the suspension and eventual sacking of the Director General, Nigeria Intelligence Agency, Amb. Ayo Oke.


John is a University of Lagos-trained, tech-savvy journalist with an uncanny nose for news. His views are always the end products of a deliberate search for information and knowledge. He has read almost every novel written by Chinua Achebe, Jeffrey Archer and Dan Brown. He is an expert Scrabble and draughts player who is also excellent at swimming. If you know the capitals of 45 African countries by heart, then you are exactly like him.

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