Controversial government holding company National Industrial and Commercial Investments Limited (NICIL) was issued with disclaimer opinions for the years 2002 and 2003, according to the Report of the Auditor General for 2010.
The state of NICIL’s accounts has come under close scrutiny because of the belief that monies have been flowing to it instead of to the Consolidated Fund. Its accounts have also been seriously backlogged.
The audit report said that twenty
