FG pays 14 whistle blowers N439 million

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The federal government has paid another set of 14 whistleblowers the sum of N439.276 million for providing tips on tax evaders.

The Minister of Finance, Mrs. Kemi Adeosun, who briefed the press on Friday, in Abuja, disclosed that the payment was made this week, after the government received the sum of N13.8 billion from the affected tax evaders, mainly corporate organizations, based on tips by the whistle blowers

Her words, “The Whistleblower Policy started December 2016. Since then, we have had 8, 373 37 communications of which 1, 231 were actually tips.

“We have conducted 534 investigations; 10 prosecutions and four convictions.

“This week, we paid whistle blowers the sum of N439. 276 million, it was to 14 people who provided specific tips on tax evasions about companies who deliberately evaded or under-paid taxes. Working on those tips, we have held discussions with those companies and they have paid N13. 8 billion which we have confirmed have been paid to the Federal Inland revenue Service.