Global Fund Suspends Disbursement Of Funds To Nigeria…The Reason Will Shock You!


The Global Fund, an international financing institution which aims at investing the world’s money to save lives by fighting AIDS, Tuberculosis and Malaria, has suspended disbursement of funds to Nigeria following a discovery of large scale fraud by recipient organisations in Nigeria.

The fraud which involved millions of dollars, was uncovered after an audit of grants to Nigeria was done by the Office of the Inspector General, OIG, an arm of the Fund. A message on Nigeria audit reports by the Executive Director, Global Fund, Mark Dybul, said findings showed that the audit report on Nigeria covered $889 million of Global Fund grants, and found systemic weakness in the controls in various government entities.

According to Dybul, the investigation report found fraud and collusion in the amount of US$3.8 million and the audit reviewed multiple grants in the period 2013-2015 and identified significant problems with internal controls at government entities, in particular relating to procurement conducted by the National Agency for Control of AIDS, (NACA)and the National Malaria Elimination Program, (NMEP)

Also See: Lagos, Get Ready For A World Class Medical Park

AIDS Campaigners

The audit also identified $20 million as expenditure for which NACA was unable to provide supporting documentation during the audit. In addition, the audit identified a lack of documentary evidence related to human resources and payment approval processes, with $7.65 million identified as unsupported expenditures.

Also See: Femi Otedola Loses $400Million In 9 Weeks – FORBES

Mr. Dybul said:

“Following work performed by a third party fiscal agent, US$5.1 million has now been verified, based on a review of supporting documentation that was not available during the audit; US$1.0 million requires further clarification, and US$1.5 million of expenditure that has not yet been reviewed due to timing. We expect to be able to provide a final, comprehensive view of these expenditures by 10 May.”