Sunday, November 27

FPAC report shows over a billion dalasi missing between 2016-2018

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Hon. Madi Ceesay, the NAM for Serrekunda West Constituency has revealed that after a concluded report from the Finance and Public Account Committee (FPAC) of the National Assembly between 2016 to 2018, the audited accounts of the Gambia government shows that there are a lot of lapses of about 1.2 billion not recorded in financial statements.

Hon. Ceesay, who was speaking in an exclusive interview with The Point, noted that grants still continue to be received by sectors.

“The findings of the Auditor General detected that there was total contingency liability of D360, 928, 28 (three hundred and sixty million, nine hundred and twenty-eight thousand and twenty-eight dalasi) which was not disclosed in the financial statement,” Hon. Ceesay further disclosed.

He went on to call the government to open up and show financial discipline so that they as lawmakers could make progress.

The report, he added, states that in 2017, D1, 050, 586, 268.60 (one billion, fifty million, five hundred and eighty-six thousand, two hundred and sixty-eight dalasis and sixty bututs) was not reconciled with the review of the Auditor General.

“In 2018, close to 5 million net worth of state-owned enterprises is in the financial statement but could not be confirmed. Because the audited financial statement of the state-owned enterprises was not provided for proper consolidation to be done.”

Hon. Ceesay emphasised that the government should clear all these lapses to the public, noting that the report is before the parliament and they would take action before the end of the session.

“There must be solutions because the money has to be cleared to the public. The parliament is not going to brush reports and recommendations like that,” he buttressed.

He revealed that the parliament is going to take firm action for the monies to be produced by hook or by crook this time around.