Plunder of national resources increase by 500 %

Plunder of national resources increase by 500 %

The latest Auditor- General’s report indicates that the amount of public money being plundered has continued to increase.
The Auditor- General’s report for the year 2016 indicates that misapplication of funds has increased from about K28 million in 2015 to over K162 million in 2016.
The report has further revealed that unaccounted for Revenue has increased from about K500, 000 in 2015 to about K3.7 million in 2016.
The Auditor General’s report has also shown that unaccounted for Funds have increased from about K190, 000 in 2015 to about K380, 000 in 2016.
According to a statement released today by the Head of Public Relations in the Office of the Auditor General, Ellen Chikale, unretired accountable Imprest shot up from K12 million kwacha in 2015 to over K17 million Kwacha in 2016.
Ms Chikale stated that although unvouched expenditure has reduced from K350 million kwacha in 2015 to K170 million kwacha in 2016, it is still the highest ranking irregularity for the period under review and continues to be an area of high concern for the Office.

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