The Social Security and Housing Finance Corporation (SSHFC) has failed its obligations to submit it audited financial statement and activity report to the National Assembly oversight body.
The public institution is supposed to submit its 2018 audited account and financial statement by March 31, 2019, according to regulations.
However, the SSHFC could not meet its obligations before the Public Enterprise Committee (PEC) of the National Assembly.
The institution appears before the oversight body on Monday. Appearing before the oversight body of the National Assembly were Muhammed Manjang, the managing director of the SSHFC, and Sering Jallow, the institution’s board chairman.
The PEC is dealing with a backlog of reports from several public institutions.
Among the institution that have failed to meet their legal obligations to submit their audited accounts and activity reports for 2018 are National Water and Electricity Company, Gambia Ports Authority, Gambia National Petroleum Corporation and National Road Authority.
Jallow claims the SSHFC is committed at helping the parliamentary oversight body to clearing its 2018 backlog.
“We appreciate the agreement of this Committee to extend our deadline to December and I can confirm to you that we will submit the report by then. We will submit by on or before the 31 of December, 2019 for 2018,” said Jallow.
However, the managing director of the SSHFC said they will find it difficult to submit their reports by March 31, 2019. However, this was a view the chair Sallah would not entertain.
“What you should not do, is to indicate that you cannot do what the law says… And you want us to tolerate that. What the law says is for you to submit your report within 3 months after the end of the fiscal year, and you are saying something else,” said Sallah.
Meanwhile, the National Assembly oversight body is trying to finish its 2018 and 2017 reports pending with public institutions before the end of the year.
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