By Arret Jatta
The Public Enterprise Committee report for the years 2019 and 2020 has shown that the ex-staff loan at Assessment Management and Recovery Cooperation (AMRC) which amounted to D1,729,756.20 has not been paid.
The chairperson of the committee, Hon. Lamin L Sanneh said “The 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”.
The Committee recommends that the Board and Management should put in place an effective payment plan to recover the loan.
The Chair further stated that the auditors observed that AMRC has no updated Insurance policy in place for covering the value of the building and its equipment from 24 July 2020 to 24 July 2021.
“In 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,” he noted.
The Committee also recommended that the Board and Management should ensure that all the value of the assets of the Corporation are adequately insured.
Hon. Sanneh further highlighted that AMRC does not have any disaster recovery plan in place for maintaining the ongoing concerns and operations of the Corporation in case a disaster event occurs.
The Committee further recommended that the Board and Management should put in place an adequate disaster recovery plan to ensure swift restoration of systems and operations.
