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Liberia: US$800k Nimba County Development Fund Unaccounted For In Nimba


Liberia: US$800k Nimba County Development Fund Unaccounted For In Nimba
Liberia: US$800k Nimba County Development Fund Unaccounted For In Nimba
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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.
The total cash available as Social development Fund (SDF) during the audit periods amounted to US$3,039,835.08. ....

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