What happens when legal, financial oversight, ethics, and human resources management are undermined? Why the functions of diligence and accountability shall not be ignored? How an ambitious and well-funded initiative could grossly fail to deliver its promises to those in need? The case of a Singapore-based contractor that received tens of millions of dollars to build more than 1 million affordable homes despite having no experience in delivering projects of this size or scope provides answers to these questions: #UNOPS #S3i #developmentfinance #accountability #internalcontrol #procurement https://lnkd.in/gTWxnAu2
Comptroller, Fiscal Accountability and Public Finance Management
3yMore details are getting revealed that suggests dire necessity to re-examine the #UNOPS ' mission, investment and financial management. The agency's head is to step down amid probe into the questionable loans. Three Million US$, that were supposed to finance affordable housing in low-income countries, went to private hands to produce a song and video game. https://www.devex.com/news/unops-chief-resigns-amid-probe-into-agency-s-questionable-loans-103196 #investigation #fraudawareness #transparency #UNOPS #internalcontrol #accountability