YouWin: Federal Government Halts Disbursements of Cash to Beneficiaries… See Latest Details

The payment of beneficiaries of the YouWin youth development programme, established by the regime of Goodluck Jonathan to empower Nigeria Youths, has
been halted by the Buhari-led federal government.

The Federal Government has stopped further disbursement of cash to beneficiaries under the YouWin programme following alleged massive fraud uncovered
in its management, Premium Times reports.

The Minister of Finance, Kemi Adeosun, said on Friday that the decision to stop further
disbursement of funds was to allow government conclude its investigations to unravel alleged massive irregularities in the
selection of the winners.

The Punch Newspaper had on Tuesday reported massive fraud uncovered in programme.
Mrs. Adeosun said another petition was received from an anonymous whistle- blower, which provided documentary evidence of irregularities in 10 cases out of
the YouWin3 batch of beneficiaries to which
about N611.8 million was disbursed.

The YouWin programme initiated by the Goodluck Jonathan administration, the minister said, had to be continued in view of
some legally binding commitments of grants
to 1,500 entrepreneurs selected in the first two batches of the programme designed to
help young graduates gain employment.

The minister said it was the determination to honour the subsisting commitments with
the beneficiaries that informed the present administration’s decision to organise the
YouWin 3 batch of awardees.
However, Mrs. Adeosun said, following an internal investigation into the allegations, government confirmed some startling
discoveries, including that one of the awardees was the child of a former director in the ministry. She did not disclose the identity of the former director.

She said the investigation also uncovered a number of cases where married couples each benefitted separately from the cash disbursements, raising concerns about the integrity of the original selection process
since 2014 when it began.

“The position of the Ministry is that investigations are ongoing under the Presidential Initiative on Continuous Audit (PICA) that will review each suspected case
to determine whether any irregularity occurred. In the interim, disbursements of
this batch have been suspended,” the minister said.

Since its inception, the YouWin programme, one of the multiple intervention programmes by the government to create
jobs for the teeming population of
unemployed youth, has midwifed about 3,900 enterprises within four years.

To ensure its sustainability, the Buhari administration, which acknowledged the success of the original programme,
undertook a review.

The exercise found, among other limitations, that awardees were overly focused on the grant aspect of the programme, with a few
able to secure other forms of funding to grow their businesses despite each receiving up to N10 million in grants.

Consequently, the ministry redesigned the programme and relaunched it as YouWinConnect to focus more on continuous enterprise education, to help
build the capacity of young entrepreneurs across a range of disciplines.

The YouWinConnect was expected to develop entrepreneurs who can attract funding from wide range of sources currently available with the funding taking the form of a Venture Fund which will take
equity stakes in new and growing
businesses.