Rev. Kishoka
JF-Expert Member
- Mar 7, 2006
- 4,526
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Tanzania itajengwa na wenye moyo. Watu wanahujumu wazi wazi, lakini si mhasibu, Bunge au mkaguzi mkuu wa mahesabu aayefanya kazi zake kwa umakini fedha yapotea na kutumika isivyopaswa yaja gundulika miaka 8 baadaye huku kila mwaka tunachapa vitabu vya ukaguzi wa mahesabu.
Swali ni kuwa kama palikuwa hakuna stakabadhi mwaka wa kwanza, kwa nini mkaguzi hakuhoji hili mwaka uliofuatia?
Swali ni kuwa kama palikuwa hakuna stakabadhi mwaka wa kwanza, kwa nini mkaguzi hakuhoji hili mwaka uliofuatia?
By DAILY NEWS Reporter
Daily News; Sunday,December 28, 2008 @20:00
THE government has directed the National Development Corporation (NDC) to investigate how 1.5 million US dollars loan (about 1.8bn/-) secured from Barclays Bank in Britain was misappropriated.
The directive follows an internal audit conducted at NDC which reveals that the corporation obtained the loan in 2000 and deposited it in a Barclays Bank branch in London. The loan was meant for feasibility studies of anchor projects in the Mtwara Development Corridor, like the Mchuchuma coal and Liganga iron ore deposits.
According to a statement issued by the NDC in Dar es Salaam yesterday, the money was instead used to guarantee a loan of another company Uhuru Capital Management Limited -- which is a Singapore registered company. Documents obtained by the NDC show that the money was used as collateral in 2002 by Uhuru Capital Management Limited to obtain loan from Investec Bank of Mauritius.
The statement said since the NDC Board never authorized such transactions, the government felt there was need to investigate the expenditure of the money and establish whether there was misappropriation.
According to the NDC Managing Director, Mr Gideon Nasari, the investigations are meant to establish those who authorized the use of the money as a guarantee and identify the owners of Uhuru Capital Management Limited.
The NDC, an economic development organization, was established as a statutory corporation by an Act of Parliament in 1962. The purpose of NDC is to initiate, develop and guide the implementation of economically viable projects in partnership with the private sector.
The other objective is to initiate and facilitate the establishment of a competitive and sustainable world class industrial infrastructure in the manufacturing, processing and packaging, primarily aimed at adding value to the output from the primary production activities of mining, agriculture and exploitation of natural resources.
The government has mandated NDC, on an exclusive basis, to co-ordinate and guide implementation of various projects, whose feasibility studies have been undertaken, under a Southern African Development Community (SADC) Regional Spatial Development Initiative (SDI), known as the Mtwara Development Corridor.