FRC Begins Beneficiary Clearance Process, October 18th, 2024

The Financial Reporting Council (FRC) has commenced the clearance process today, October 18th, 2024, for beneficiaries awaiting final approval. This move follows the conclusion of an audit conducted by the National Audit Office (NAO), which identified the individuals entitled to clearances and subsequent fund disbursement.

The names listed for FRC clearance, based on the NAO’s recommendations, include:

- Desmond Valencia  
- Lee Young Eui  
- Nyla Marin  
- Madden Fuentes  
- Skyla Merritt  
- Juelz Erickson

The FRC is working diligently to ensure that all beneficiaries who comply with the final documentation requirements will have their cases resolved swiftly. As part of this process, once the necessary paperwork is completed and all conditions are met, the funds allocated to these beneficiaries will be automatically transferred to their respective accounts.

The FRC has also confirmed that the payment log for these transactions has been approved, ensuring a smooth and prompt disbursement once the clearance process is finalized. Beneficiaries are urged to complete all required formalities as soon as possible to expedite the transfer of their funds.

The Financial Reporting Council remains committed to working closely with all involved parties to bring this matter to a swift and satisfactory conclusion.