All Forums  Politics Forum  Politics: Gambian politics  GOV’T LAUNCHES INQUIRY INTO NAWEC’S FINANCES

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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Videos: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by toubab1020[/i] [br]========== https://standard.gm/govt-launches-inquiry-into-nawecs-financial-affairs/ ========== By Hadram Hydara, The Fatu Network The Ministry of Finance and Economic Affairs has set up a task force to launch an investigation into the financial affairs of the National Water and Electricity Company (NAWEC). In a letter seen by TFN, the Finance Ministry demanded NAWEC to avail the assigned task force access to all necessary financial documents and information. “In line with our previous communication to you, referred MF/F/166 (48), dated 12th October 2022, informing you of the task force set up by the Honourable Minister of Finance and Economic Affairs to look into the financial affairs of NAWEC, we hereby kindly seek your assistance in availing the task force the following documents/information: All power purchase agreements (PPAs), all procurement contracts signed during the last three years (from D1 million and above), all IT and consultancy contracts, draft statements of Management Accounts (2020 & 2021), all internal audit reports for the last three years, detail breakdown of revenue source (2020-2022 Q2), cash flow forecast for the year 2023, accounts receivable, Aging report-summary (water and electricity) as of 30th June 2022, accounts Payable Aging report-summary as of 30th June 2022, inventory Aging report-summary as of 30th June 2022, all bank accounts balance as of 30th June 2022, and contingent assets and liabilities, if any, the letter urged NAWEC.” When contacted for comment on the request of the Finance Ministry, the Managing Director of NAWEC Nani Juwara, confirmed receiving the letter. However, when asked if the Finance Ministry made it known why they want to look into NAWEC’s financial affairs, the MD said: “No, not yet. As of now, we have only been served with this letter requesting information and financial details.” Reproduced with the permission of FTN [/quote]   Check here to include your profile signature.