The bank and mobile money accounts of the Executive Director of the Centre for Plant Medicine Research (CPMR), Prof. Alex Asase, and six other senior officers have allegedly been frozen by a state investigative body over claims of misappropriation of the institution’s Internally Generated Funds (IGF).
According to information gathered, the move follows a petition submitted by some concerned staff of CPMR, who alleged irregularities in the handling of the institution’s internally generated revenue.
The petition reportedly claims that portions of the IGF were paid out as allowances and other benefits to certain officials, raising questions about the legality and propriety of these payments.
In response to the petition, the state investigative body is said to have commenced investigations to ascertain the facts surrounding the allegations.
As part of the ongoing probe, the accounts of the suspected beneficiaries were allegedly frozen to prevent any movement or concealment of funds while the inquiry continues.
Sources close to the investigation say the move is part of standard procedures to safeguard potential evidence during financial investigations.
The Board Chairman of CPMR, Henry Rockefeller, had earlier defended the payments, insisting that they were legitimate and approved by the board.
However, the petition from staff appears to have heightened scrutiny over the financial administration of the institution, prompting the intervention of the state investigative body.
Officials say the investigation is ongoing, and further action will be taken based on the findings of the inquiry.
The alleged freezing of accounts is expected to have significant implications for CPMR’s operations and could shape the outcome of the ongoing probe into IGF management.
FREEZING OF BANK ACCOUNTS OF EXECUTIVE DIRECTOR, PROF. ALEX ASASE AND SIX OTHER OFFICERS OVER ALLEGED MISAPPROPRIATION OF THE IGF OF CPMR
Information gathered pursuant to our earlier publication about the misappropriation of the IGF of CPMR in the name of allowances, even though the Board Chairman, Henry Rockefeller, defended it, indicates that a state investigative body has launched an investigation into the alleged misappropriation of Internally Generated Funds (IGF) at the Centre for Plant Medicine Research (CPMR) following a petition submitted by concerned staff of the institution.
The petition alleges that the Executive Director, Prof. Alex Asase, and six senior officers of the centre were involved in the misappropriation of the institution’s internally generated funds.
In response to the petition, the state investigative body commenced investigations to ascertain the facts surrounding the allegations.
As part of the ongoing probe, the bank and mobile money accounts of the suspected beneficiaries have been frozen to prevent any movement of funds while investigations continue.
Officials say the investigation is ongoing, and further action will be taken based on the outcome of the inquiry.
