22
Apr
Allexer Namundjembo The Land Acquisition and Development Fund has come under scrutiny after the Auditor General, Junias Kandjeke, flagged a series of financial and operational shortcomings in its 2022 financial statements, revealing a concerning pattern of mismanagement. According to a report tabled in Parliament last week, the fund failed to submit a complete set of financial statements as required by the International Public Sector Accounting Standards (IPSAS), including the omission of a statement of changes in net assets or equity. Discrepancies were also identified between the fund’s financial records and tax information from the valuation roll, with gaps of N$29.5…