EOCO cannot account for Gh¢2.7m

17:24 - 23 August 2017

___7194562___https:______static.pulse.com.gh___webservice___escenic___binary___7194562___2017___8___23___19___EOCO-new

According to the Auditor-General's report, the court ordered that US$366,985 and Gh¢646,188.35 be paid from the EOCO exhibits account to an applicant, but an excess of Gh¢2.7 million was paid.

The Economic and Organised Crime Office (EOCO) cannot account for an excess of $619,039.16 (Gh¢2,748,977) transferred to an applicant following a court order.

This was revealed by the 2015 Auditor General’s report.

According to the report, the court ordered that US$366,985 and Gh¢646,188.35 be paid from the EOCO exhibits account to an applicant, but an excess of Gh¢2.7 million was paid.

Investigation showed that the body inflated the dollar amount and paid US$986,024.16 instead of US$366,985, leading to an excess transfer of $619,039.16 “without authority.”

The Auditor General in his report said: “we urged management to recover the excess funds of $619,039.16 or provide justification for the transfer of the amount.”

Also, the report uncovered that six retired staff of EOCO enjoyed “unearned salaries totalling Gh¢22,067.78” between 2013 and 2014.

READ ALSO: PPI decereases to 2.0% in July

“We recommended that efforts be made by management to recover the total amount,” the Auditor General said.

“A total amount of Gh¢17,254.63 shown as creditors remained on the financial statement without any movement since 2009. We recommended that management investigate and pay off the liability without further delay to enhance financial discipline,” the report added.