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    • News

    Global Fund Halts Grants for Nigerian Organization

    By Ivy Mungcal // 01 July 2011

    The Global Fund to Fight AIDS, Tuberculosis and Malaria has temporarily suspended its payment of grants to a Nigerian organization amid allegations that the group misused the money it received from the multilateral donor.

    The Global Fund has filed a report before Nigeria’s Independent Corrupt Practices and Other Related Offenses Commission claiming that the Yakubu Gowon Center had illegally transferred some $15.5 million it received from the donor organization to accounts outside Nigeria, the Daily Trust reports. The alleged misuse of the Global Fund grants was discovered by the donor’s inspector general in 2010, the newspaper notes.

    The fund’s decision to temporarily suspend its payments of grants to the center is in line with ongoing investigations of the alleged fraud and funding misuse, the Daily Trust reports, citing an email from Jon Liden, spokesperson of the Global Fund.>> Nigerian Corruption Watchdog Set to Probe Alleged Fraud in Global Fund Grants

    Read more development aid news online, and subscribe to The Development Newswire to receive top international development headlines from the world’s leading donors, news sources and opinion leaders – emailed to you FREE every business day.

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    About the author

    • Ivy Mungcal

      Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.

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