The EFCC has signed an agreement that will enable it monitor foreign grants.
The Economic and Financial Crimes Commission, EFCC, said it has signed a Memorandum of Understanding, MoU, with international funding organization, Global Fund, to monitor how grants provided by the group are deployed in the fight against Tuberculosis and Malaria in Nigeria.
Under the agreement, both parties will cooperate by providing information and intelligence to each other, which may help in the investigation and prosecution of anyone suspected of engaging in fraud and abuse of Global Fund grant funds and related criminal activity.
Norbert Hauser, head of the office of the Inspector General, Global Fund, signed for the organization while Ibrahim Lamorde, Chairman, EFCC, signed on behalf of the anti-graft body.
“What we are doing is helping ourselves. It is our moral obligation to give you our support and cooperation,” Mr. Lamorde said.
Mr. Hauser said the signing of the memorandum with Nigeria, a country where Global Fund grants are being distributed on a large scale, is sequel to similar agreements with Malawi and Tanzania.
“This is also an expression of country ownership in its most positive form,” he said.
Terms of the agreement stipulates that both parties will consult regularly, in particular to exchange information regarding new areas of potential cooperation and other joint activities falling within their respective mandates. All information exchanged will be treated as strictly confidential, the EFCC said.
However, the memorandum stipulates that any information exchanged will not be used as evidence in any judicial proceedings without the express prior consent of the party providing that information.
In addition to exchanging financial and criminal intelligence, both parties may cooperate in other ways, including the exchange of general information regarding fraud, abuse and other economic crimes.
Support PREMIUM TIMES' journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
TEXT AD: To advertise here . Call Willie +2347088095401...