April 18, 2017

Whistleblower News From The Inside — April 18, 2017

By the C|C Whistleblower Lawyer Team

Nigeria offers financial incentives to whistleblowers — Anyone who reports wrongdoing will be rewarded with up to 5 per cent of the recovered funds — a potentially very large carrot to be dangled in front of associates of those who have stolen tens of billions of dollars from the “fantastically corrupt” west African nation. Last week a tip-off resulted in a raid that uncovered more than $43 million in cash from an unoccupied apartment in Lagos, meaning the anonymous whistleblower could be in line for a $2 million payday. The Times UK

U.S. Audit Overseer Mulls Safeguards on KPMG Leak Scandal — The Public Company Accounting Oversight Board is working to prevent future breaches of conduct that tipped off KPMG LLP about audit inspections and led to the firing of six employees of the firm, including its chief U.S. auditor. A PCAOB staff member—no longer at the board—leaked the sensitive information to a former PCAOB employee who worked at KPMG, according to the accounting firm. BNA

The Fraud Claims Tainting Turkey’s Referendum Win — The narrow victory of a historic referendum to centralize power in the hands of Turkish President Recep Tayyip Erdogan has been tarnished with allegations of fraud. Opposition parties are challenging the vote, which saw 51.4 percent of Turks approve the measures, and international monitors have disputed its fairness. Erdogan insists he won’t tolerate criticism of the outcome while his opponents are demanding a recount or outright annulment. Bloomberg

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