Finance

Theobarth Releases Modality For Disbursement

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Theobarth Global Foundation Grant  has released modality for disbursement that might likely kick start before the end of May 2021.

From a close source, OurWorldGist learnt that each unit of Theobarth grant is to get the sum of two billion Naira (N2,000,000,000 ) only while beneficiary is expected to get at least the sum of one point five million Naira ( N1.5M ) only.

The source further disclosed that partnering NGO, and Theobarth Global Foundation are to get 10% each while 9% is earmarked for Sponsors and 1% as bank charges.

The source also notified that every sponsor is to send personal account details but a cooperate or agreed account is recommended for collective sponsors.

The statement explained that all sponsors are to sign Memorandum of Association ( MOU ) at Abule Egba, Lagos except otherwise a request to sign soft copy is granted.


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