By BUUMBA CHIMBULUTHERE is no any secrete and illegal account being managed by the Ministry of Finance.Ministry of Finance Accountant General Kennedy Musonda said media reports suggesting that there was a secret and illegal account being managed by the Ministry is false.Mr Musonda has clarified that contrary to assertions, the ministry had only one paying bank account, which is the Single Treasury Account.He however said any transactions done outside authorised processes to deprive Government of resources, would be investigated thoroughly.He explained that before any payment was transacted in the Single Treasury Account, it had to be processed through the Integrated Financial Management Systems (IFMIS), an electronic platform.Mr Musonda said the established and authorised payment processes for the Government were there to ensure that all payments made through the IFMIS were not only planned and approved, but properly authorised, too.He emphasised that it was also mandatory for any payment to be pre-audited by Internal Auditors to […]
‘NO SECRET ACCOUNTS’
