NGOs Abusing Donated Funds – NANGO
The Association of Non-Governmental Organisations (NANGO) says a number of NGOs are abusing donated funds before projects are implemented, disadvantaging the intended beneficiaries in the process.
NANGO spokesperson Fambai Ngirande, points out that: “It’s a huge challenge because of the volatile economic environment given the many temptations in the value of the United States dollar.”
The comments come shortly after the United States-based Kellog Foundation, which bankrolled projects in southern Africa amounting to US$350 million since 1986, withheld funding after uncovering financial irregularities on some of its projects.
To read the article titled, “NGOs abusing donated funds,” click here.
NANGO spokesperson Fambai Ngirande, points out that: “It’s a huge challenge because of the volatile economic environment given the many temptations in the value of the United States dollar.”
The comments come shortly after the United States-based Kellog Foundation, which bankrolled projects in southern Africa amounting to US$350 million since 1986, withheld funding after uncovering financial irregularities on some of its projects.
To read the article titled, “NGOs abusing donated funds,” click here.
Source:
<br /> Financial Gazette
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