Nigeria’s Federal Ministry of Finance has confirmed the report in some of the country's newspaper of probe of massive fraud in YouWin Programme inherited from the previous government, stating that “investigations are ongoing under the Presidential Initiative on Continues Audit (PICA) who will review each suspected case to determine whether any irregularity occurred.”
In a statement by the Ministry, “the current administration inherited YouWin as an ongoing programme, which had made legally binding commitments of grants to 1, 500 entrepreneurs. The administration decided that those commitments should be honoured. It was in that regard that a batch of awardees under YouWin 3 was submitted to the Minister of Finance, Mrs. Kemi Adeosun, for cash disbursement totaling N611, 821, 910 million.
In a statement by the Ministry, “the current administration inherited YouWin as an ongoing programme, which had made legally binding commitments of grants to 1, 500 entrepreneurs. The administration decided that those commitments should be honoured. It was in that regard that a batch of awardees under YouWin 3 was submitted to the Minister of Finance, Mrs. Kemi Adeosun, for cash disbursement totaling N611, 821, 910 million.