Drainage body had no fixed asset register despite billions in equipment –forensic audit

The National Drainage and Irrigation Authority (NDIA) had no fixed asset register despite having billions of dollars in equipment and management was unable to explain how it spent $1.8b in repairs over 2011-2014.

These findings were contained in a scathing report by Nigel Hinds Financial Services which was transmitted to the Ministry of Finance on November 30th last year but only released yesterday.

The audit report said that the $1.8b in repairs was recorded despite the fact that new machinery and equipment acquired during the same period exceeded 50% of the listed machinery and equipment of NDIA.