(DAILY MAIL) Tazara auditors uncover financial irregularities
Tazara auditors uncover financial irregularitiesBy NKOLE CHITALA
THE 2006 Auditor Generals report on parastatal bodies has revealed that Tanzania Zambia Railway Authority (TAZARA) allegedly misapplied funds amounting to K45.9 million between December 2005 and February 2006. The latest Auditor General’s report alleges that during this period, the head office transferred US$11,489.47 (K45, 957,880) to Zambia Cost Profit Centre (ZCPC) in Mpika for repair works at the senior management guesthouse in Lusaka.
However, the report observed that the funds had allegedly been misapplied on operational activities and as of January 2007, the guesthouse had not been repaired.
The report also alleges there was overpayment on talk time entitlement amounting to K29, 809,500.
The report said according to a TAZARA circular dated July 5, 2004 on entitlement of talk time, the regional general manager for Zambia was entitled to talk time worth US$100 per month.
However, contrary to the provision, it was observed that the regional manager was allegedly irregularly paid US$ 200 above his monthly entitlement.
“In this regard he was being paid amounts totaling K21,600,000 between October 2004 to December 2006. In addition the general manager allegedly drew K8,
209,500 from the Lusaka area office for talk time during the same period,” the report indicated.
TAZARA was established under Cap 768 of the laws of Zambia to provide efficient and safe public transport of passengers and goods by rail between and within Zambia and Tanzania.
The railway line covering 1,860 kilometres from Kapiri Mposhi to Dar es Salaam was constructed with funding from the government of China in the form of an interests-free loan of US$4121, 826,409 or over K554.4 billion.
Labels: AUDITOR GENERAL, CORRUPTION, TAZARA
posted by MrK @ 4:25 PM
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