{"id":55699,"date":"2024-03-30T17:33:31","date_gmt":"2024-03-30T17:33:31","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/?p=55699"},"modified":"2024-03-30T16:25:40","modified_gmt":"2024-03-30T16:25:40","slug":"amrc-ex-staff-loan-of-d1-7m-not-paid-says-pec-report","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/amrc-ex-staff-loan-of-d1-7m-not-paid-says-pec-report","title":{"rendered":"AMRC ex-staff loan of D1.7M not paid – says PEC report"},"content":{"rendered":"

Africa-Press – Gambia. <\/strong><\/span>The report of the Public Enterprise Committee (PEC) on the Activities and Audited Financial Statements of State-Owned Enterprises for the years ended 31st December 2019 and 2020 shows a total Ex-staff loan of D1,729,756.20 at the Assets Management and Recovery Cooperation (AMRC) has not been paid.<\/b><\/p>\n

\u201cThe auditors observed that a loan of D1,729,756.20 for Ex-staff has not been moving and none of them made a payment in the subsequent year period,\u201d The committee report states.<\/p>\n

The committee also recommended that the Board and Management of AMRC put in place an effective payment plan to recover the loan.<\/p>\n

The report further stated that the auditors observed that \u201cAMRC has no updated Insurance policy in place\u201d for covering the value of the building and its equipment from 24 July 2020 to 24 July 2021.<\/p>\n

\u201cIn addition, the policy that covered the value of the building and equipment from 24 July 2019 to 24 December 2020 covered a total value of GMD2,424,400 rather than the net book value of GMD3, 705,563,\u201d the report noted.<\/p>\n

The Committee also recommended that the Board and Management ensure that \u201call the value of the assets of the Corporation are adequately insured\u201d.<\/p>\n

The report highlights that the AMRC does not have any disaster recovery plan in place for maintaining the going concern and operations of the Corporation in case of a disaster event occurring.<\/p>\n

The Committee further recommends that the Board and Management \u201cput in place adequate disaster recovery plan\u201d to ascertain swift restoration of systems and operation.<\/p>\n

For More News And Analysis About Gambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Gambia. The report of the Public Enterprise Committee (PEC) on the Activities and Audited Financial Statements of State-Owned Enterprises for the years ended 31st December 2019 and 2020 shows a total Ex-staff loan of D1,729,756.20 at the Assets Management and Recovery Cooperation (AMRC) has not been paid. \u201cThe auditors observed that a loan […]<\/p>\n","protected":false},"author":84,"featured_media":55698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[2355,2361,260],"class_list":["post-55699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-gambia","tag-gambia"],"yoast_head":"\nAMRC ex-staff loan of D1.7M not paid - says PEC report - Gambia<\/title>\n<meta name=\"description\" content=\"The report of the Public Enterprise Committee (PEC) on the Activities and Audited Financial Statements of State-Owned ...\" \/>\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\/amrc-ex-staff-loan-of-d1-7m-not-paid-says-pec-report\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AMRC ex-staff loan of D1.7M not paid - 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