Fourteen persons who gave useful tips that led to the recovery of several billions of Naira and some millions in hard currency from some corporate tax evaders were paid about N439.3 million this week, Finance minister, Kemi Adeosun, said.

The Minister did not name the offending companies. But, she told reporters in Abuja that about N14.8 billion, consisting N7.8 billion, $378 million and £27,800 were recovered.

 

She said the recovered monies paid to the Federal Inland Revenue Service (FIRS) have since been shared.

Following tips by the whistleblowers in line with the whistleblower policy of the federal government, Mrs. Adeosun said the companies were busted after years of either evading taxes or under-paying government as a deliberated policy.

“This is the first time we are having that number (of whistleblowers) where we have concluded either communication with the companies and they have actually paid the money to FIRS,” the minister said.

Since the whistleblower policy was introduced in December 2016, the minister said about 8,373 communications have so far been received from various persons willing to volunteer information on tax evaders.

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