Billions of Shillings Stolen from EAC Secretariat
An audit of the East African Community financial operations has unearthed massive theft of billions of shillings, tainting the reputation of the regional law-making assembly.
The Report on the review of the EAC Financial Statements for the year ended 30th June 2013 said there is need to “comply to Financial Rules and Regulations, completion of the Institutional Review and a stop to unnecessary expenditure of resources.”
At the same time, the Accounts Committee recommended to the Council of Ministers to urgently address various recurrent challenges dogging the EAC Organs and Institutions. The Report which was laid on table on Friday by the Chairperson of the Accounts Committee, Hon Jeremie Ngendakumana, is expected to be debated next week.
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