• Home
  • Contact Us
  • Privacy Policy
Global Times
  • Home
    • Home – Layout 1
  • News
    • All
    • Science
    • World
    Pharm. Hazmat Akinbile-Yussuf, Obateru Of Egbin, Bldr. Odegade, Ronke Oyelakin Graces JTAH Foundation Annual National Event (Photos)

    Pharm. Hazmat Akinbile-Yussuf, Obateru Of Egbin, Bldr. Odegade, Ronke Oyelakin Graces JTAH Foundation Annual National Event (Photos)

    JTAH Foundation Honours Builder Abdulkareem Odegade With A Recognition Award

    JTAH Foundation Honours Builder Abdulkareem Odegade With A Recognition Award

    Ex-IGP, Tafa Balogun Dies At 74 Years

    Ex-IGP, Tafa Balogun Dies At 74 Years

    LGAs Desire Aregbesola To Be Imprisoned After A Dispute Over….

    LGAs Desire Aregbesola To Be Imprisoned After A Dispute Over….

    Our Christian Brothers And Sisters Deserve A Place In the Scheme Of Things –  APC Muslim Youths

    Our Christian Brothers And Sisters Deserve A Place In the Scheme Of Things –  APC Muslim Youths

    Check On Bad Examples: NAOSRE Applauds Police Prompt Action On ‘One Million Boys’ Outburst

    Check On Bad Examples: NAOSRE Applauds Police Prompt Action On ‘One Million Boys’ Outburst

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    2023 Presidency: Influencers On Social Media Cause A Stir Against The APC And The PDP

    2023 Presidency: Influencers On Social Media Cause A Stir Against The APC And The PDP

    Biafra : Facebook, You’re Not Doing Enough To Stop IPOB, Says Lai Mohammed

    Biafra : Facebook, You’re Not Doing Enough To Stop IPOB, Says Lai Mohammed

    Osinachi, NIN-SIM linkage, Rita Dominic top search on Google Trends in April

    Osinachi, NIN-SIM linkage, Rita Dominic top search on Google Trends in April

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    Mercy Aigbe Taunt Fans With Throwback’ Pictures Of…

    Mercy Aigbe Taunt Fans With Throwback’ Pictures Of…

    Baba Ijesha: Yomi Fabiyi’s Ex-lover Counters Princess Curses

    Baba Ijesha: Yomi Fabiyi’s Ex-lover Counters Princess Curses

    Princess, Has Revealed That She Almost Got Killed, Over Baba Ijesha

    Princess, Has Revealed That She Almost Got Killed, Over Baba Ijesha

    BREAKING : Baba Ijesha Bagged 16 Years Imprisonment

    BREAKING : Baba Ijesha Bagged 16 Years Imprisonment

    2023 : Nomination Of Funke Akindele As Deputy, Underscores The Unseriousness Of… – Says APC

    2023 : Nomination Of Funke Akindele As Deputy, Underscores The Unseriousness Of… – Says APC

    2023: We’re Bringing A Breath Of Fresh Air, If .., – Funke Akindele

    2023: We’re Bringing A Breath Of Fresh Air, If .., – Funke Akindele

  • Lifestyle
    • All
    • Travel
    Male Fertility: The Ideal Fatherhood Age

    Male Fertility: The Ideal Fatherhood Age

    Kunle Adeyanju, Who Rode A Motorcycle From London To Lagos, Says, “I Don’t Know If Zenab Will Say Yes To Me

    Kunle Adeyanju, Who Rode A Motorcycle From London To Lagos, Says, “I Don’t Know If Zenab Will Say Yes To Me

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review
    Angry Nation Abandoned By Its Leaders

    Angry Nation Abandoned By Its Leaders

No Result
View All Result
  • Home
    • Home – Layout 1
  • News
    • All
    • Science
    • World
    Pharm. Hazmat Akinbile-Yussuf, Obateru Of Egbin, Bldr. Odegade, Ronke Oyelakin Graces JTAH Foundation Annual National Event (Photos)

    Pharm. Hazmat Akinbile-Yussuf, Obateru Of Egbin, Bldr. Odegade, Ronke Oyelakin Graces JTAH Foundation Annual National Event (Photos)

    JTAH Foundation Honours Builder Abdulkareem Odegade With A Recognition Award

    JTAH Foundation Honours Builder Abdulkareem Odegade With A Recognition Award

    Ex-IGP, Tafa Balogun Dies At 74 Years

    Ex-IGP, Tafa Balogun Dies At 74 Years

    LGAs Desire Aregbesola To Be Imprisoned After A Dispute Over….

    LGAs Desire Aregbesola To Be Imprisoned After A Dispute Over….

    Our Christian Brothers And Sisters Deserve A Place In the Scheme Of Things –  APC Muslim Youths

    Our Christian Brothers And Sisters Deserve A Place In the Scheme Of Things –  APC Muslim Youths

    Check On Bad Examples: NAOSRE Applauds Police Prompt Action On ‘One Million Boys’ Outburst

    Check On Bad Examples: NAOSRE Applauds Police Prompt Action On ‘One Million Boys’ Outburst

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    2023 Presidency: Influencers On Social Media Cause A Stir Against The APC And The PDP

    2023 Presidency: Influencers On Social Media Cause A Stir Against The APC And The PDP

    Biafra : Facebook, You’re Not Doing Enough To Stop IPOB, Says Lai Mohammed

    Biafra : Facebook, You’re Not Doing Enough To Stop IPOB, Says Lai Mohammed

    Osinachi, NIN-SIM linkage, Rita Dominic top search on Google Trends in April

    Osinachi, NIN-SIM linkage, Rita Dominic top search on Google Trends in April

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    Mercy Aigbe Taunt Fans With Throwback’ Pictures Of…

    Mercy Aigbe Taunt Fans With Throwback’ Pictures Of…

    Baba Ijesha: Yomi Fabiyi’s Ex-lover Counters Princess Curses

    Baba Ijesha: Yomi Fabiyi’s Ex-lover Counters Princess Curses

    Princess, Has Revealed That She Almost Got Killed, Over Baba Ijesha

    Princess, Has Revealed That She Almost Got Killed, Over Baba Ijesha

    BREAKING : Baba Ijesha Bagged 16 Years Imprisonment

    BREAKING : Baba Ijesha Bagged 16 Years Imprisonment

    2023 : Nomination Of Funke Akindele As Deputy, Underscores The Unseriousness Of… – Says APC

    2023 : Nomination Of Funke Akindele As Deputy, Underscores The Unseriousness Of… – Says APC

    2023: We’re Bringing A Breath Of Fresh Air, If .., – Funke Akindele

    2023: We’re Bringing A Breath Of Fresh Air, If .., – Funke Akindele

  • Lifestyle
    • All
    • Travel
    Male Fertility: The Ideal Fatherhood Age

    Male Fertility: The Ideal Fatherhood Age

    Kunle Adeyanju, Who Rode A Motorcycle From London To Lagos, Says, “I Don’t Know If Zenab Will Say Yes To Me

    Kunle Adeyanju, Who Rode A Motorcycle From London To Lagos, Says, “I Don’t Know If Zenab Will Say Yes To Me

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review
    Angry Nation Abandoned By Its Leaders

    Angry Nation Abandoned By Its Leaders

No Result
View All Result
Global Times
No Result
View All Result
Home Business

Civil Society Commends New Guidelines On COVID-19 Funds

globaltimes by globaltimes
May 13, 2020
in Business, News
0
Civil Society Commends New Guidelines On COVID-19 Funds
0
SHARES
0
VIEWS
Share on WhatsAppShare on FacebookShare on Twitter

Tuesday, May 12, 2020 The new guidelines for the disbursement of COVID-19 funds is capable of checkmating corruption, the Human and Environmental Development Agenda, (HEDA Resource Centre) said at the weekend.

The group said it was delighted that the Office of Accountant General of the Federation (OAGF) has come up with the guidelines following ceaseless advocacy led by HEDA that the administrators of the funds should ensure transparency and openness. HEDA however called for the involvement of anti-corruption agencies in the monitoring and evaluation of compliance with best anti-corruption global practices.

Last week the OAGF said the disbursement will be after appropriation by the National Assembly. It also stipulated that all accounts be linked to the Treasury Single Account, (TSA).

‘We are delighted about the new guideline. This will help promote accountability and due process. At this critical moment, the best the country can do is to prevent the virus of corruption to eat into the funds. It is important that the funds are utilized in the most prudent manner for the sake of beneficiaries and to ensure Nigeria effectively bring an end to the spread of the pandemic”, HEDA said in a statement signed by its Chairman, Mr Olanrewaju Suraju. He said the OAGF effort will not be complete without the involvement of the Economic and Financial Crimes Commission (EFCC).

The HEDA Chairman said the civil society will continue to monitor and evaluate compliance with the OAGF directives. “We are going to monitor and evaluate the entire process from design, conception and implementation of projects associated with the funds. We are interested to see due process employed in the entire process”, HEDA said.

He described COVID-19 as a pandemic that even after its exit will leave behind several scars on the economy and wealth of individuals, communities and nations adding that only a judicious management of all related funds will assist Nigeria to deal with all short and long term consequences of the pandemic.

HEDA has launched a barrage of local and international campaigns calling for transparency in the management of the COVID-19 funds. The group also wrote to the CBN invoking the Freedom of Information Act compelling the apex bank to ensure full disclosure. Failure to publish timely reports of COVID-19 activities in the prescribed format and at the stipulated intervals or to respond to FOI requests will constitute early warning signs of mismanagement and shall be deemed as a contravention of the guideline, the guideline said.

Under the new guideline, funds are to be appropriated directly to participating MDAs and spending units like the Ministry of Health, Ministry of Humanitarian Affairs, Nigerian Centre for Disease Control, etc., rather than to an intermediary agency like the Presidential Task Force (PTF), while administrative cost of the PTF shall be appropriated separately to the PTF Secretariat,” the Office of the Accountant-General of the Federation had said. The funds cover donations by the Federal Government, the N28 billion from the Private Sector Coalition Against COVID-19 (CACOVID) and other funds domiciled in Zenith Bank, Access Bank, Guaranty Trust Bank, United Bank for Africa and First Bank. Under the new guideline, the Minister of Finance, Budget and National Planning is to oversee the management of the funds on behalf of Ministries, Departments and Agencies, (MDA) who must within seven days provide all relevant information about the funds including their sources

Related

Tags: News
Previous Post

Keystone Bank Launches Online Platform To Empower SMEs

Next Post

Latest reports on Susan Okpe

globaltimes

globaltimes

Next Post
Latest reports on Susan Okpe

Latest reports on Susan Okpe

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

  • A 53-year-old Londoner Was Murdered And Thrown In A Septic Tank…

    A 53-year-old Londoner Was Murdered And Thrown In A Septic Tank…

    0 shares
    Share 0 Tweet 0
  • They Made Me Sleep With Dogs In Dubai’ – Slay Queen Mona Gucci Makes Confession

    0 shares
    Share 0 Tweet 0
  • Lagos Flood Sweeps Away Cars, Four People Are Saved And Two Go Missing

    0 shares
    Share 0 Tweet 0
  • ’45 Degrees’ and 10 Other New Positions to Respark Your Sex Life

    0 shares
    Share 0 Tweet 0
  • Rt. Hon. Engr. Abayomi Kiyomi, Is Dead, At 82 Years

    0 shares
    Share 0 Tweet 0

Recent News

IGP Orders Water-Tight Security Around Schools, Hospitals, Critical Infrastructure

IGP Orders Water-Tight Security Around Schools, Hospitals, Critical Infrastructure

August 14, 2022
Pharm. Hazmat Akinbile-Yussuf, Obateru Of Egbin, Bldr. Odegade, Ronke Oyelakin Graces JTAH Foundation Annual National Event (Photos)

Pharm. Hazmat Akinbile-Yussuf, Obateru Of Egbin, Bldr. Odegade, Ronke Oyelakin Graces JTAH Foundation Annual National Event (Photos)

August 8, 2022
NAOSRE Monthly Security Review: Nigeria At The Mercy Of Tactless Security Chiefs

NAOSRE Monthly Security Review: Nigeria At The Mercy Of Tactless Security Chiefs

August 8, 2022
NDLEA Nabs ‘Pastor’, 90-Year-Old Drug Supplier

NDLEA Nabs ‘Pastor’, 90-Year-Old Drug Supplier

August 7, 2022
global times

Browse by Category

Search this site

No Result
View All Result
  • Home
  • Contact Us
  • Privacy Policy

© 2022 Crafted with ❤️ by Claridan - Adsvance Digitals.

No Result
View All Result
  • Home
  • Contact Us
  • Privacy Policy

© 2022 Crafted with ❤️ by Claridan - Adsvance Digitals.