Relatives of passengers of flight MH370 are offering a 3-million dollar reward for anyone who can come forward with critical information that could provide a breakthrough in the search for the missing jet.

The project, "Reward MH370: The Search for the Truth", is initiated by relatives of flight MH370 from Australia, France, India, New Zealand and the United States. It will be launched on Monday and will target a total collection of $5 million through crowd-funding website Indiegogo.

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Indiegogo, which has previously rejected crowd-funding requests for reward purposes, has specially allowed flight MH370's relatives to do so.

Sarah Bajc, partner of a Philip Wood, U.S. citizen and passenger of the lost airline, said that $3 million will be set aside as a reward for a whistle-blower to come forward and share relevant information on the missing jetliner.

The remaining $2 million will be used to hire a professional company to conduct investigations across multiple countries.

The international flight which took off from Kuala Lumpur headed to Beijing lost contact with air traffic control on March 8. More than three months since it disappeared, little information has been found and families of the passengers are starting to get frustrated.

"We are taking matters into our own hands," Bajc said.

Seeing no reason as to why search efforts have been mainly concentrated in the South Indian Ocean for weeks, she has started to suspect a cover up.

"I am convinced that somebody is concealing something," she added.

However, Angus Houston, head of the Australian agency supervising the search efforts said that relevant information is not being withheld from the public and that investigations are still ongoing.

Acting Malaysian transport minister Hishammuddin Hussein explained that due to the magnitude of the case, "requests made by next-of-kin and international media cannot be accommodated 100 percent."

Acknowledging that that $2 million target for private investigation is meager compared to what government efforts have already spent, Bajc believes that working from a different perspective may help uncover some answers.

"We're not going to approach it with boats in the ocean, we're going to approach it with human intelligence," she said.

"There are no promises here, but we believe we need to try something, if we just sit back on our heels and allow the existing path to continue, I don't think this will ever be solved," she added.

TagsFlight MH370, Sarah Bajc, Philip Wood, Hishammuddin Hussein, Angus Houston, Reward MH370: The Search for the Truth