Rédaction Africa Links 24 with Mr. Gaye TheVoice
Published on 2024-03-28 09:15:20
The recent report from the Public Enterprise Committee for the years 2019 and 2020 highlighted some concerning issues at Assessment Management and Recovery Cooperation (AMRC). The report revealed that an ex-staff loan amounting to D1,729,756.20 has not been repaid. The Chairperson of the committee, Hon. Lamin L Sanneh, emphasized the need for the Board and Management to establish an effective payment plan to recover the outstanding loan amount.
In addition to the unpaid loan, the auditors also noted that AMRC lacked an updated Insurance policy to cover the value of the building and its equipment from July 24, 2020, to July 24, 2021. The previous policy only covered a total value of GMD2,424,400 instead of the actual net book value of GMD3,705,563. The Committee recommended that the Board and Management should ensure that all assets of the Corporation are adequately insured to prevent any potential losses in the future.
Furthermore, it was revealed that AMRC does not have a disaster recovery plan in place to maintain operations in the event of a disaster. This lack of preparedness could pose a significant risk to the ongoing concerns and operations of the Corporation. The Committee emphasized the importance of implementing a robust disaster recovery plan to ensure the swift restoration of systems and operations in case of an emergency.
Overall, the report from the Public Enterprise Committee shed light on some critical areas where AMRC needs to improve. By addressing issues such as the unpaid ex-staff loan, inadequate insurance coverage, and the absence of a disaster recovery plan, the Corporation can enhance its financial stability and operational resilience. It is imperative for the Board and Management of AMRC to take proactive steps to address these recommendations and safeguard the organization’s future success.
In conclusion, the findings of the report serve as a wake-up call for AMRC to prioritize financial accountability, risk management, and operational preparedness. With the proper measures in place, the Corporation can mitigate potential risks, protect its assets, and ensure continuity in its operations. The Board and Management must work together to address the recommendations outlined in the report and steer AMRC towards a path of sustainable growth and success.
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