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Showing posts from October 31, 2010

YouWin- Disbursement stopped for further investigation

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The Federal Government has stopped YouWin  programme following alleged massive fraud uncovered in its management. further disbursement of cash to beneficiaries under the The Minister of Finance, Kemi Adeosun, said on Friday that the decision to stop further disbursement of funds was to allow government conclude its investigations to unravel alleged massive irregularities in the selection of the winners. The Punch Newspaper had on Tuesday reported massive fraud uncovered in programme. Mrs. Adeosun said another petition was received from an anonymous whistle-blower, which provided documentary evidence of irregularities in 10 cases out of the YouWin3 batch of beneficiaries to which about N611.8 million was disbursed. The  YouWin  programme initiated by the Goodluck Jonathan administration, the minister said, had to be continued in view of some legally binding commitments of grants to 1,500 entrepreneurs selected in the first two batches of the programme designed...

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