Financial misconduct: UK commission investigates Obj’s foundation

The United Kingdom Charity Commission says it is carrying out a broad investigation into several allegations of financial misconduct and conflicts of interest against the Olusegun Obasanjo Foundation in London.

Punch reports that the commission stated that it has received many complaints about the Foundation in London.

According to the report, the UKCC spokesperson, Sarah Hitchings, said in an email that the commission had also started a broad investigation into the matters because the foundation had violated its regulatory standards.

She said, “We have received complaints about this charity and issues including alleged conflicts of interest and alleged financial misconduct.

“We currently have an open case in relation to this charity and have been in contact with the trustees.

“We have recently become aware of further information about potential wrong-doing at the charity which is of regulatory concern to the commission and we are currently considering this new information. We cannot comment further while our case is live.”

Meanwhile, the commission refused to comment on any actions taken against the recently sacked London-based Chief Executive Officer of the foundation, Anne Welsh, on allegations of money laundering.

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