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Government probes use of cocoa funds

    ABIDJAN

    The federal government has set up a seven-member panel to investigate alleged mismanagement of the cocoa levy and butter stock funds over the years, 'The Guardian' reported on Thursday.

    Commerce Minister Mustapha Bello said a "critical appraisal" of the situation was needed. He spoke of "erratic demands" ranging from the decision to grant a US $8-million loan to the federal ministry of transport in 1995 and another $15 million loan to cocoa operators.

    President Olusegun Obasanjo pledged at his inauguration on 29 May to fight corruption at levels of government. "I will give the forthright, purposeful, committed, honest, and transparent leadership that the situation demands," Obasanjo said as he was being sworn in. He added that there would be "no sacred cows".

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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