FG Pays 14 Whistle Blowers N439m

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

Minister of Finance, Mrs. Kemi Adeosun, who briefed the press on
Friday, in Abuja, said 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 37communications 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.

“Under the VAIDS, We are getting far more tips on tax evasions,
which of course is a crime against us all and this is a new trend
that we thought is worth bringing to your attention. So these
people, are being paid this month.

“This is the first time we are having that number where we have
concluded either communications with companies and the companies
have actually paid the money to FIRS.”

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

Minister of Finance, Mrs. Kemi Adeosun, who briefed the press on
Friday, in Abuja, said 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 37communications 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.

“Under the VAIDS, We are getting far more tips on tax evasions,
which of course is a crime against us all and this is a new trend
that we thought is worth bringing to your attention. So these
people, are being paid this month.

“This is the first time we are having that number where we have
concluded either communications with companies and the companies
have actually paid the money to FIRS.”