Nigeria, June 25 -- The Economic and Financial Crimes Commission (EFCC) has launched an investigation into a report of an alleged $3 million fraud involving a Nigerian firm, Zenith Carex.

Global Fund, an international health sector funding mechanism, had raised the $3million fraud allegation in the latest report issued on March 9 by its Office of Inspector General (OIG).

The global organisation, which pools the world's largest financial donations for the prevention, treatment, and care of AIDS, Tuberculosis, and malaria, blacklisted Zenith Carex in its report.

It accused the firm of systematically inflating invoices for the distribution of health commodities to warehouses and health facilities throughout Nigeria.

The company committed...