The attention of the management of the
Federal Ministry of Finance has been drawn to a story in The Punch newspaper of
Tuesday, March 28, 2017 entitled, “Probe Uncovers Massive Fraud in YouWin
Programme.”
It will be recalled that the current
administration inherited YouWin as an ongoing programme, which had made legally
binding commitments of grants to 1, 500 entrepreneurs.
The administration decided that those
commitments should be honoured.
It was in that regard that a batch of
awardees under YouWin 3 was submitted to the Minister of Finance, Mrs. Kemi
Adeosun, for cash disbursement totaling N611, 821, 910 million.
Allegations were received from an anonymous
whistleblower, which provided documentary evidence of irregularities in 10
cases out of the batch.
According to NTA, The Minister immediately directed that an
internal investigation be conducted to determine the veracity of the alleged
fraud and report the findings to her for necessary action.
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