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Saturday, 12 May 2018

FG Pays 14 Whistle Blowers N439m

FG Pays 14 Whistle Blowers N439m

Mrs. Kemi Adeosun

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.

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“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.”

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