MONROVIA – A General Auditing Commission (GAC) findings have uncovered several discrepancies and unorthodox financial practices in the application of the Nimba County Development Fund in the tone of US$800,000.00. The audit report covers fiscal years 2011 to 2013. In the GAC audit, it was discovered that during the fiscal period 2011/2012 and 2012/2013, the Nimba County Administration received the amount of US$800,000.00 development fund with an operating bank account balance of US$ 2,239,835.08. According to a summary report provided by the Legislature Public Account committee (PAC), the County received US$200,000.00 as County Development fund. The Audit report also states that the cash position was verified from the SDF bank statement for Nimba County social development fund’s account obtained from LBDI.

Source: Front Page Africa May 12, 2021 07:18 UTC