N.dollars 90 million unaccounted for at NDC

Contributed by NAMPA.

WINDHOEK, 18 MAR (NAMPA) – The Namibia Development Corporation (NDC) has failed to submit documentary evidence to prove how it spent N.dollars 90.1 million between 2015 and 2017, the latest report by the Auditor General (AG) has found.
The report, in which the NDC received an adverse opinion from AG Junias Kandjeke, poked holes in the corporation’s accounting processes.
An adverse audit opinion is a professional opinion made by an auditor indicating that a company's financial statements are mi ...