WINDHOEK, 07 APR – The National Youth Service (NYS) has failed to account for millions of dollars for the 2015 and 2016 financial years, a report from the Office of the Auditor General (AG) has revealed.
The report was presented in Parliament by Deputy Minister of Finance Natangwe Ithete a fortnight ago.
It says among others, the NYS failed to account for over N.dollars 7 million in fuel expenses, in which an amount of N.dollars 3 958 611 and N.dollars 3 606 067 for the financial year ended 31 March 2015 and 2016 respectively, could not be verified.
The NYS did not provide supporting documents to the auditors with regards to the missing millions.
The NYS acquired property, plants and equipment of N.dollars 13 637 508 (2016) and N.dollars 9 713 618 in 2015.
In 2014, it spent N.dollars 14 133 127 on these acquisitions.
No facts or circumstances of a material nature that have occurred between the accounting date and the date of this report was provided.
The NYS’s depreciation rate on buildings was between 2 and 5 per cent, while furniture and fittings, motor vehicles and office equipment recorded 20 per cent respectively.
The depreciation in computer equipment was 33,3 per cent, land recorded 0 per cent depreciation and farm equipment, 10 per cent.
The NYS Board of Directors consisted of Major-General James Tjivikua; Lieutenant-Colonel Elizabeth Mboti; Tsukhoe //Garoes; Aina Shekupe Ipinge; Mandela Kapere; Dolly Amoomo; Charles Kabajani; Dawid Gawaseb and Onesmus Upindi.
This board was appointed on 15 February 2015 and its term of office came to an end on 14 February 2018.
The NYS acknowledged the audit findings and the AG recommended that the Board provide all supporting documents for audit purposes.