I just spoke with my source. You are right the board will be releasing the funds, but they don't execute anything. They get the programs and then sign off jointly.Osob101 wrote:I can neither Deny or Confirm that for you at the moment but I can assure you that so far no one has been appointed. All the board members will be finalized and named once the President and Prime Minister return.
The actual management of the deal will be executed by the Financial Management Unit which will choose how the money is allocated, choose the projects, divide the money, keep track of dispensing, and then report on the outcomes to the Board.
The FMU will be held by the PhD Marehan guy I said above ans he has 9 employees.
It is funny because the FMU and the total deal will be held accountable by an auditor-general which was given to the a really close relative of mine. I am talking very close. He is a Financial Analyst with Boeing and a CPA holder. He was interviewed in June and given the job in August. He hasn't accepted yet. He would have 4 employees under him in this position.
Under them will be the project management group who will physically carrying out what is decided by the FMU and so they do things like hire the companies, and implement what is decided by the FMU.