Monrovia – An audit report of the General Auditing Commission (GAC) on the National Investment Commission (NIC) for the years 2010 to 2013 shows several improprieties by the management of the NIC amounting to over one million United States dollars being unaccounted for. “The NIC Management exposed Government assets to risk by its failure to take steps that could have prevented damage to Government properties. The 2010-2013 audit report also highlighted that the NIC Management made overtime payment of US$4,304.37 without justification. The GAC also claimed that the NIC Management did not follow the PPC process in the procurement of fuel amounting to US$68,454.93 for the period 2012/2013. “There was no evidence NIC had put in place a risk assessment process for identifying, analyzing and evaluating organizational risks.

Source: Front Page Africa February 07, 2017 02:01 UTC