It has revealed that during the interface with the Board and Management of NRA, the Committee said they observed that the debt of D19,758,493.90 being advances paid by NRA to COPRI Ltd. in 2013 were written off in 2020 without a proper provisioning policy.
The Committee also disclosed that NRA does not have the legal documentation to claim ownership of their landed properties.
“NRA uses the Public Finance Act, 2014 and Financial Regulations of 2016 which are in accordance with the government’s cash base accounting policy, whereas NRA prepares its accounts based on the actual accounting policy,” it stated.
They also noted that the NRA’s Staff Personal Files are not up to date “as differences were identified between the net salaries of staff compared to their contract letters in the files.”
“NRA does not carry out Staff Appraisals as required by the Staff Service Rules. Salary advances are paid to staff from petty cash,” the Report pointed out.
The committee further stated that The National Roads Authority (NRA) presented its annual Activity Reports and audited Financial Statements for the year ended 31st December 2020. However, GPPA’s 2020 and 2021 Compliance Reports for NRA were not submitted.
The Committee recommends that a provisioning policy, approved by the Board and in line with government policy be put in place.
It also recommends that efforts should be made to obtain title deeds of all their landed properties.
“A valuation exercise of all landed properties should be carried out by an independent valuer and the amounts recorded in the financial statements,” the Committee directed.
“A financial manual containing accounting policies reflecting the financial reporting requirements should be developed and put in use,” it added.
“Staff Personal files should be up to date and Human Resource (HR) should carry out review file to ensure that it is up to date. The practice of using petty cash for salary advance should be discontinued immediately,” the Committee underlined.
