Nigeria could reportedly lose millions of dollars worth of grants from the Global Fund to Fight AIDS, Tuberculosis and Malaria as the country’s corruption watchdog begins its investigation into reports of possible fraud involving grants received by Nigerian groups from the global organization.
Nigeria’s Independent Corrupt Practice and Other Related Offenses Commission is set to probe, prosecute and charge officials who may have been involved in the alleged fraud, which was discovered by the Global Fund’s inspector general in 2010, Business Day reports. The newspaper notes that the Global Fund may freeze or terminate its grants for Nigeria and local organizations because of the alleged fraud, which involves some $474.52 million worth of 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.
