DBJ provided funding to financial institutions, without ensuring the sectoral targets received those loans

Share This:

Auditor General's Findings

DBJ provides financing for Small to Medium Enterprises through various financial institutions. However, DBJ did not monitor the financial institutions to satisfy itself that the loans disbursed met the stipulated criteria. The AuGD noted that DBJ was required to monitor these institutions based on the signed general agreements with Approved Financial Institutions. DBJ did not enforce this requirement.

Responsive image

Permanent Secretary (current): Audrey Sewell

Breach Category: Project Management

Permanent Secretary (at breach):

Breach Type: Inadequate Project Monitoring

Subscribe
Notify of
guest

0 Comments
oldest
newest most voted
Inline Feedbacks
View all comments

Most Recent Breaches

DCS – Unidentified lodgments totalling $2.1 million

April 18, 2023 | No comments

View Breach »

Accountant General – Pension Payments Made Without Verifying Life Certificates

April 18, 2023 | No comments

View Breach »

Accountant General – Overpaid Dependents a total of $4.1 million

April 17, 2023 | No comments

View Breach »

ACCOUNTANT GENERAL – Uncleared bank reconciliation items totalling $138.85 million

April 17, 2023 | No comments

View Breach »

MLSS – PATH protracted delay in upgrading the Beneficiary Management Info System

April 17, 2023 | No comments

View Breach »
0
Would love your thoughts, please comment.x
()
x

This site uses cookies to give you the best online experience. By using our site you agree to accept these cookies. Read more about it here.