Through our research , we found that the NAIF processes for investment decision-making lack transparency, accountability and integrity. These weaknesses undermine public scrutiny of its decisions, give rise to conflicts of interests, and could result in companies with a history of noncompliance, criminal or corrupt behaviour gaining access to public funds.
The weaknesses it its governance structure include:
1. Lack of transparency and accountability
2. Poor due diligence into applicants’ eligibility
3. Conflicts of interest