{"id":36753,"date":"2023-06-10T15:20:46","date_gmt":"2023-06-10T15:20:46","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/?p=36753"},"modified":"2023-06-15T21:48:44","modified_gmt":"2023-06-15T21:48:44","slug":"auditor-says-bac-took-over-d26m-bank-loans-without-approval","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/auditor-says-bac-took-over-d26m-bank-loans-without-approval","title":{"rendered":"Auditor says BAC took over D26M bank loans without approval"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Gambia. <\/strong><\/span><b>The head of Internal Audit at the Ministry of Finance has said that the Basse Area Council took about D26,994,181 bank loans without approval from the Ministry of Local Government.<\/b><\/p>\n<p>Appearing yesterday at the ongoing Local Government Commission, Cherno Amadou Sowe testified that the BAC took unauthorised loads in violation of the LG Act.<\/p>\n<p>\u201cOur observation from the D26 million is that they contracted these loans without having the approval from the Ministry of Local Government.\u201d<\/p>\n<p>He said while the council is allowed to contract loans, it has to be approved by the ministry. \u201cUltimately, if they take loans and default on the loans, technically, the government could be held liable for those loans. That is why the consent of the minister should be sought so that they make due diligence,\u201d he explained.<\/p>\n<p>He further stated that D15 million loans were taken without even the council not being made aware. Of this, D10 million was taken from Supersonicz Microfinance and D5 million from Vista Bank.<\/p>\n<p>\u201cThe audit team has discovered that, yes, the council was aware or has given approval for some of the loans but the D5 million and the D10 million were something that they were not aware of. So, you can conclude that it was done behind the council\u2019s back by the chief executive and the council\u2019s finance director,\u201d Sowe posited.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/gambia\">Gambia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Gambia. The head of Internal Audit at the Ministry of Finance has said that the Basse Area Council took about D26,994,181 bank loans without approval from the Ministry of Local Government. Appearing yesterday at the ongoing Local Government Commission, Cherno Amadou Sowe testified that the BAC took unauthorised loads in violation of the [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":36752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[2355,2361,260],"class_list":["post-36753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-gambia","tag-gambia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Auditor says BAC took over D26M bank loans without approval - Gambia<\/title>\n<meta name=\"description\" content=\"The head of Internal Audit at the Ministry of Finance has said that the Basse Area Council took about D26,994,181 ban ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/gambia\/all-news\/auditor-says-bac-took-over-d26m-bank-loans-without-approval\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Auditor says BAC took over D26M bank loans without approval\" \/>\n<meta property=\"og:description\" content=\"The head of Internal Audit at the Ministry of Finance has said that the Basse Area Council took about D26,994,181 ban ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/gambia\/all-news\/auditor-says-bac-took-over-d26m-bank-loans-without-approval\" \/>\n<meta property=\"og:site_name\" content=\"Gambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-10T15:20:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-15T21:48:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2023\/06\/sm_1686393245.794943.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/auditor-says-bac-took-over-d26m-bank-loans-without-approval#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/auditor-says-bac-took-over-d26m-bank-loans-without-approval\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Auditor says BAC took over D26M bank loans without approval\",\"datePublished\":\"2023-06-10T15:20:46+00:00\",\"dateModified\":\"2023-06-15T21:48:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/auditor-says-bac-took-over-d26m-bank-loans-without-approval\"},\"wordCount\":249,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/auditor-says-bac-took-over-d26m-bank-loans-without-approval#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2023\/06\/sm_1686393245.794943.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Gambia\",\"Gambia\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/gambia\/all-news\/auditor-says-bac-took-over-d26m-bank-loans-without-approval#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/auditor-says-bac-took-over-d26m-bank-loans-without-approval\",\"url\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/auditor-says-bac-took-over-d26m-bank-loans-without-approval\",\"name\":\"Auditor says BAC took over D26M bank loans without approval - 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