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Message: [QUOTE="Nehanda, post: 23287, member: 2262"] Dr. Alieu O Faal is the new board chairman at the Gambia Printing and Publishing Corporation (GPPC). He wants a special audit of the company's finances, so he wrote to the State-Owned Enterprises Commission. Dr. Faal thinks there are problems with how money is handled at GPPC. He says the company is low on cash. Every month, they have to get overdrafts to pay salaries and bills, and sometimes, salaries are paid late. The chairman also says GPPC owes a lot of money. They owe D33 million in income tax from staff and value-added tax (VAT) to the government. GPPC has not paid D12 million to the Social Security and Housing Finance Corporation (SSHFC) for over five years. Dr. Faal has concerns about the Managing Director, Momodou Ceesay. He claims Mr. Ceesay runs a company that GPPC buys supplies from. Dr. Faal says millions are being wasted on bad purchases. The chairman says GPPC made a D30 million deal without board approval. They paid this to print school books. GPPC also took bank loans without following rules. They plan to buy an expensive machine but have not yet. Mr. Faal says a foreign worker was hired and paid a lot for one month's work. GPPC also paid millions to companies overseas for supplies. But those supplies never arrived. Dr. Faal wants the audit to clarify the situation. He says he has evidence to back up his claims, but some board members are trying to stop the audit. The State-Owned Enterprises Commission is taking the claims seriously. They want the board to meet and decide what to do next, and then they will get involved. Mr. Ceesay, the Managing Director, says the claims are false. He says the board is handling it with the commission. However, he does not think an audit is needed. [/QUOTE]

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