Sagay: Ikoyi whistleblower not mentally stable enough to handle N860m reward

The whistleblower who exposed the N13bn found in an Ikoyi apartment is not mentally stable enough to handle his N860 million reward, Itse Sagay, chairman, Presidential Advisory Committee Against Corruption (PACAC) has said.

In April, the Economic and Financial Crimes Commission (EFCC), acting on a tip off by the whistleblower, discovered $43 million, £27,800 and N23 million stashed in a four-bedroom apartment on Osborne Towers, Ikoyi, Lagos.

Last week, EFCC Acting Chairman, Ibrahim Magu, claimed that the whitleblower had gotten his 10 per cent reward but the man’s lawyer raised an alarm saying his client’s was yet be paid.

On Sunday, Minister of Finance, Kemi Adeosun said the whistleblower will be paid by the end of the month.

READ: We’ll pay Ikoyi whistleblower soon – Adeosun

But in his own reaction, Sagay said the man will “almost run mental” if the money is paid to him without proper measures.

PUNCH quoted him as saying that the government is trying to provide the whistleblower with counsellors and consultants that will help him plan on how to invest the money.

His words: “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 counsellors. Not just counsellors for character and mental situation but counsellors who would be like consultants that would help him to really invest the money and plan in such a way that he doesn’t 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 won’t 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.”


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