Probe uncovers massive fraud in YouWin programme

An ongoing probe, ordered by the Minister of Finance, Mrs. Kemi Adeosun, has uncovered a massive fraud in the Federal Government Youth Enterprise with Innovation in Nigeria programme.

A reliable source in the ministry of finance told The PUNCH that investigators had already discovered that some senior civil servants gave out or facilitated slots worth between N7m and N10m each to their spouses, children and friends.

Some of these awardees, the source said, would not have qualified for the grants if they were not aided by their “connections” within and outside the ministry.

An original initiative of the ministry which began during the former President Goodluck Jonathan’s administration, YouWin was conceived to help youth entrepreneurs grow existing businesses and create employment.

The source, who insisted that the probe had not been concluded by the investigators, added that their initial findings were so worrisome that the minister had decided that the entire programme should be restructured.

Punch, March 28, 2017

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