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DESPITE SERIOUS CONCERNS ABOUT RISK, GLOBAL FUND APPROVES $316 MILLION IN NEW FUNDING FOR TB/HIV GRANTS TO NIGERIA

DESPITE SERIOUS CONCERNS ABOUT RISK, GLOBAL FUND APPROVES $316 MILLION IN NEW FUNDING FOR TB/HIV GRANTS TO NIGERIA

Despite serious concerns about operational and systems weaknesses and risks, the Board has approved five TB/HIV grants to Nigeria totaling $510 million, of which $316 million is new funding. Board members, alternates and communication focal points were informed of the decision on 14 December. In approving the grants, the Board was acting on the recommendations of its Grant Approval Committee…

OIG INVESTIGATIONS IN 2015 SHOW THAT MISUSE OF FUNDS OCCURS MOST OFTEN IN PROCUREMENT, CONSTRUCTION AND TRAINING

OIG INVESTIGATIONS IN 2015 SHOW THAT MISUSE OF FUNDS OCCURS MOST OFTEN IN PROCUREMENT, CONSTRUCTION AND TRAINING

According to the Office of the Inspector General, the main source of misconduct identified this year through its investigations has been activities related to procurement. “Non-competitive tenders, fictitious invoicing and collusion between suppliers and procurement or finance managers have frequently led to fraud,” the OIG said. This information was contained in the semi-annual progress report prepared by the OIG for…

Global Fund Inspector General

Global Fund Inspector General

As a result of pressure from the United States, the Board agreed to appoint an Inspector General. The role of the office of the inspector general will be to assess whether the Global Fund and its grant recipients are using the money in the ways intended. Inspections, both announced and unannounced, will be conducted of the Global Fund, PRs, Sub-Recipients,…

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