Menu
Home
Forums
New posts
Search forums
What's new
Featured content
New posts
New media
New media comments
New resources
Latest activity
Media
New media
New comments
Search media
Resources
Latest reviews
Search resources
Misc
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Labrish
Nyuuz
Secret 10M Budget Swap Exposed At Finance Ministry
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Munyaradzi Mafaro, post: 39267, member: 636"] A government worker secretly put N$10 million into the Namibia Investment Promotion and Development Board budget without permission. Finance Minister Ericah Shafudah found the extra money when she looked over her budget presentation. The minister became very angry about the surprise addition that happened at the last moment. Ministry spokesperson Wilson Shikoto confirmed someone moved the funds to youth projects instead. Officials started looking into what happened, but refused to name the person responsible. Sources say Shafudah felt disappointed that a senior ministry worker made the change without telling her. The discovery led to questions about whether NIPDB asked for the money or if the official acted alone. Catherine Shipushu from NIPDB denied knowing about the accusations against their organization. She called the situation an internal ministry problem that did not involve the investment board. The board claims they had no part in whatever took place with the budget changes. Budget expert Robin Sherbourne noted that the national budget speech mentioned nothing about NIPDB during his April analysis. The organization exists as a Section 21 company under the Office of the President but remains in institutional uncertainty. Shafudah presented a N$106.3 billion budget for the 2025/26 financial year during March. The Office of the President budget increased by 11 percent from N$135.137 million to N$150.137 million. [/QUOTE]
Insert quotes…
Name
Post reply
Home
Forums
Labrish
Nyuuz
Secret 10M Budget Swap Exposed At Finance Ministry
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top