IKOYI LOOTED CASH: We Refused To Pay The Whistle-Blower N860 Million, To Prevent Him From Running Mad – Presidency Explodes

By Post Nigeria November 14, 2017 08:21

IKOYI LOOTED CASH: We Refused To Pay The Whistle-Blower N860 Million, To Prevent Him From Running Mad – Presidency Explodes

The Presidency has revealed that the Federal Government does not want the whistle blower who exposed the Ikoyi loot to run mad.

This shocking disclosure was made by the Chairman, Presidential Advisory Committee Against Corruption, PACAC, Prof. Itse Sagay (SAN), during an exclusive interview with Punch Newspaper.

Recall, that the unnamed whistle blower is entitled to 5 percent of the recovered loot from the Ikoyi scandal.

Sagay however, said that if the Commission gives N860 million to the whistle blower immediately, he probably would have squandered it within a month or two.

The Presidential Adviser told Punch: “What I gathered from my inquiry, is that the man is not sufficiently stable to receive such a huge sum of money. He is like someone who will almost run mental when he gets the money, and will use it in an irresponsible manner, attracting not only undesirable people, but even danger to himself.

“I think what they wanted to do for him, was to provide Counselors. Not just Counselors for character and mental situation, but Counselors who would be like Consultants, that would help him to really invest the money and plan in such a way that he does not throw it away in five minutes.

“They are trying to help him. Nobody is denying him anything. They are trying to help him, but he just misunderstands the intention and like everyone that has been deprived for a long time, he is so desperate to have it; but from what I can see, if they just give him everything, it would not last more than a month or two, because so many people will start finding ways to get to him and taking their portions from him. So, they were just trying to help him, but he became hysterical.”

Sagay further revealed to Punch, that he agrees with the Federal Government’s decision to pay the whistle-blower in tranches, adding that, such a method of payment would deter him from spending it all at once.

He said: “It is better to pay him in tranches. I agree with the government, because if not, he will throw it away. This is valuable money that government could have used for millions of unemployed and wretchedly poor people.

“One man is getting it, and he just wants it so that he can blow it all in five minutes? No, the government has a responsibility to see that his excitement does not end in seeing the money being thrown away irresponsibly. So, I agree with the government.”


Who do you want as Nigeria's 2019 President???

View Results