FG directs full investigation of Global Fund grants to Nigeria.

Federal Government of Nigeria has directed the Economic and Financial Crime Commission (EFCC) to commence full investigation of the alleged misappropriation of Global Fund grants Nigeria received from 2010 – 2014.

This was revealed by the Minister of Health, Prof. Isaac Adewole who said, “President Muhammadu Buhari gave the directive as part of government’s effort and commitment to fight corruption in the country.  The President has also directed the Secretary to the Government of the Federation (SGF) to review earlier audit reports from the Office of Inspector General (OIG)”.

Thus, the SGF has set-up two high-powered investigative panels to look into the affected programmes and financial transactions.  The first panel, headed by the Minister of Health, will conduct in-depth review of all programmes, while the second panel, chaired by Auditor General of the Federation, will review all financial transactions during the period.  The two committees are expected to submit their reports within four weeks.

“Mr President assured members of the international community that all funds received by Nigeria would be well utilized and accounted for under his watch, to avoid national embarrassment”, the Minister said.

He further said that all indicted officials would be given fair hearing, and those found guilty would be sanctioned, to serve as deterrent to others.

The recent OIG report by Global Fund indicted three agencies of Federal Government for misappropriation of specific intervention grants released.

 

About Nigeria

Nigeria, commonly known as the giant of Africa with more than 150 million people is the most populous country in Africa. With one of the biggest democracies in the world and a presidential system of government, it has a dual economy, based on its rich natural resources, traditional agriculture and the trade sector.