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Harare City Council fails to account for $208 million: Auditor General’s report

In her 2015 local authorities report tabled before the National Assembly, the Auditor General (AG) Mildred Chiri found that the Harare City Council failed to account for $208 million in 2012.

Officials running council affairs during that period are out of office and are unable to account for the plunder exposed in the latest audit report. In the report Chiri said:

The financial statements presented by management showed an overdrawn position of $208 430 777 as at December 31, 2012. A bank statement provided by the City of Harare showed an overdrawn position of $7 141 678 as at December 31, 2012, in addition the bank confirmed another overdraft of $449 150 as of December 31, 2012, giving a total of $7 590 828.

The audit relates to the tenure of former Harare mayor Muchadeyi Masunda who was elected in 2008 to serve a 5 year term.

More: Daily News

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