May 14, 2026

Ikoyi Whistle-Blower Paid N421m By FG, Jets Out of Nigeria

By Farouk Mohammed

The Federal Government (FG) says it has paid the whistle-blower that provided information which led to the recovery of N13bn from an Ikoyi apartment.

The money was recovered by the Economic and Financial Crimes Commission on 12 April , 2017.

It was gathered that the whistle-blower was paid N421m by the government, and his lawyer, Yakubu Galadima, confirmed the development on Wednesday.

Galadima lauded the government for paying the money and joked that his client did not run mad as insinuated in some quarters.

“My client confirmed to me that he had received a credit alert from the Federal Government. He travelled out of the country this morning (Wednesday morning),” the lawyer said.

“He has been paid the first instalment but there were many tax deductions. Yes, we are happy. I will give you more details later but I can confirm now that he has received some money.

“As you can see, my client did not run mad as predicted by Prof. Itse Sagay.”

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