The NBC Board Chairperson Lazarus Jacobs has expressed dismay over the release of a financial audit report involving the Namibian Broadcasting Corporation. A local newspaper made it available to the public this week, while the document had not previously been shared with the national broadcaster. 

The audited financial report was published under the headline:  "NBC's accumulated losses at one-comma-six billion dollars".

In a statement, Jacobs questioned the timing of the release of the financial report into the public domain on the eve of the SWAPO Party Congress.
 
The nbc board chairperson further said that the report had not been officially shared with the Board and Management, which would have led to a better understanding of its implications.
 
In the statement, Jacobs also exclaimed:
 
"It is therefore highly unprofessional on the part of the Auditor General to have released this report without having presented it to the Board of Directors. Above all, it is sad to note that the same report has not reached Parliament yet to be tabled by the Ministry of Finance while it is already in the public domain. The fact that BDO was contracted as a professional External Auditor also calls into question BDO's own independence and objectivity in dealing with and submitting a final report with their own opinion by allowing the same report to be changed arbitrarily by the Auditor General without BDO questioning such a move".
 
He also indicated that since NBC's Board and Management were not accorded the professional courtesy of reading the report, they are disturbed by the alleged gross inaccuracies of the figures.