AG unable to trace Stampriet staff loans

A recent audit report by the Office of the Auditor General (AG) reveals that the Stampriet village council was unable to provide a detailed account of staff loans. The report points to a number of other irregularities over a three-year reporting period into the village council’s state of affairs.The AG said it found no supporting documents for external loans and related arrears amounting to N$250 952 for 2016 and 2017, respectively.Other accounting concerns highlighted by the AG include an unmaintained fixed asset register for 2016, 2017 and 2018.The village council further failed to record registers and lease agreements for sites it rented out for the periods under review, while no registers or lease agreements for tenants liable to pay single quarter rent had been maintained for 2018.Lack of information The AG found no inventories reflected in the village council’s financial statements, despite it keeping some consumable inventories on hand.The local authority had not charged depreciation for the same period under review, the AG reported. The village council did not maintain information regarding workings and breakdowns to support the leave provision amounting to N$261 742 at each reporting period for the three years under review.The village council also did not provide for impairment on housing loans despite a lack of security and delayed repayments for each of the years.The AG noted that the Stampriet Village Council could not produce documentation to support the completeness of income amounting to N$159 876 for 2016, N$118 615 for 2017, and N$23 356 for 2018.

AG unable to trace Stampriet staff loans

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Namibian Sun 2025-10-03

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AG unable to trace Stampriet staff loans

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Namibian Sun 2025-10-03

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