Managing Director, GPA
By Buba Gagigo
The Gambia Ports Authority (GPA) said its findings revealed understatement of demurrage charges and issuing of receipts outside of the system.
The GPA internal investigation panel setup in the wake of a fraud allegation at the Rating Unit did the findings and submitted it on 16th March, 2022.
“The Preliminary findings revealed demurrage charges were being understated and receipts issued outside of the system. According to the report, there was no indication that receipts were duplicated but rather understatement of demurrage charges which accounted for the revenue leakage,” the GPA statement said on Friday.
Regarding the average annual revenue collection at the unit, Ports estimated it to around D70 million.
“And the report suggests that D25 million may have been unaccounted for [between] 2020 and 2021. We therefore remain optimistic that the exact figure could be ascertained upon completion of the further police investigation. The Management has also reported the matter to the GPA Board of Directors and an emergency meeting of the Board is scheduled for next week to consider the matter,” the statement added.
The GPA issued the statement following the wake of a fraud allegation at its Rating Unit, recently.
Comments are closed.