The Minister of Urban and Rural Development, James Sankwasa, has expressed shock over financial irregularities at the Tsumeb Municipality following the Auditor General's report, which revealed questionable spending of millions of dollars.
The Auditor General, Junias Kandjeke, is calling for stronger government accountability when it comes to the usage of taxpayers' money.
The Namibia Students Financial Assistance Fund (NSFAF) holds a financial asset in student loans of N$10.3 billion for the financial year that ended on 31 March 2024.
However, the auditor general's latest report on the accounts of NSFAF raised concerns over poor loan recovery management.
In what may appear to be a legislative oversight, the Auditor General of Namibia lacks the authority to audit or demand audited financial reports from political parties, despite these parties receiving substantial public funding.
The Auditor General has issued a qualified opinion to the Mariental Municipality for the year that ended in June 2022.
A qualified audit opinion is issued when financial statements contain material misstatements or omissions.
The Auditor General, Junias Kandjeke, has questioned why ministers as appointing authorities of boards are not held accountable, as boards are, when they fail to fully execute their mandate in regard to auditing compliance.
