Ikoyi whistleblower may run mental if given such huge sum – Sagay

By Nwafor Sunday 

The Chairman Presidential Advisory Committee Against Corruption (PACAC), Prof. Itse Sagay, has faulted some people with their criticisms against the federal government for the non-payment of N860 million reward for the Ikoyi Whistleblower, noting that the man who blew the whistle might run mad if given such huge amount.

Sagay said that the man is not “sufficiently stable” to handle such huge sum. Recall that in April the man blew a whistle which led the Economic and Financial Crimes Commission (EFCC) to recover N13b in a four-bedroom apartment on Osborne Towers, Ikoyi, Lagos.

Recall also that the federal government had promised 5% of the money recovered to anyone who blows whistle.


The anti-graft agency had discovered $43 million, £27,800 and N23 million in the flat bought in the name of the wife of Ayo Oke, the sacked director-general of the National Intelligence Agency (NIA). Reacting to the alarm raised by the whistleblower’s lawyer on the delay in paying his client’s reward, Sagay said the man will “almost run mental” if the money is paid to him without proper measures, Thecable reported.

According to Sagay, “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,” Sagay told PUNCH.

“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 misunderstood 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.”

Meanwhile, Funmi Adeosun, the minister of finance, on Sunday said the whistleblower will soon be paid his reward.

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