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Former Cabinet Owes D1.3Million

By Almamo Kamaso

The Auditor General has just completed the auditing of government accounts, and compiled the report as per the Constitution and is before the members of the National Assembly. The said report is the Financial Statement of the Gambia for the Year ended 31st December 2018.

The audit reports reveals that  former cabinet under the former President of the republic of the Gambia Alhagie Yahya Jammeh, did transfer a sum of Eight million dalasi (D8Million) into a special accounts in 2014 to serve as a revolving loan scheme (housing and car) for members of the then cabinet.

In the said Audit report carried in  the  management letter of the Auditor General, outlined in  the 2018 audited accounts of the Gambia , did clearly indicate that during the audit exercise it was discovered that the 8million loan scheme has still an outstanding of D1.3 Million not paid by some members of the former cabinet members.

These loans were disbursed in 2014 and were supposed to paid within five or ten years. The loans attract interest ranging from 3 % to 5%.

It is the opinion of the Auditor General that there is a risk that the outstanding balances will not be recovered , leading to loss of public funds.

The Audit reports also did capture some government accounts with wrong closing balances.  The Auditors noted that fifty-eight accounts (58) had wrong closing balances totaling to D131, 907,000.00 (D131.9Million).

It is the opinion of the Auditor General that balance on the statement of deposit is misstated.

Editor’s note :THE DAILY NEWS WILL FIND OUT THOSE FORMER CABINET MEMBERS WHO STILL OWE THE GOVERNMENT MONIES TOTALLONG D1.3 MILLION SOON.

 

 

 

 

 

 

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