President Exhorts Auditors to expose financial malpractices

By Bruce Zvandasara

President Emmerson Mnangagwa exhorted Auditors to expose financial malpractices in State Enterprises and expose corruption which has haemorrhaged the economy thereby hindering development.

President Mnangagwa was the guest of honor at the Annual Public Sector Auditors conference held at the Harare International Conference Centre (HICC) today where he addressed auditors from various financial institutions.

President Mnangagwa told the auditorium that the second republic would not tolerate nefarious theft of public funds for selfish enrichment and that his administration will be hard on corrupt elements in the country siphoning public funds and engaging in fraudulent activities at the expense of the country.

“In the second Republic we will not tolerate siphoning of public funds for nefarious and selfish gains. Those found on the wrong side of the law should and will face the full wrath of the law,” he stressed.

He encouraged the Auditor General’s office to embrace technology in formulating modern and contemporary measures to curb sophisticated theft enabled by the advent of technology. He lamented that fraud was robbing the country of the biggest piece of cake.

“It is disheartening that Government is losing large amounts of money due to sophisticated fraud,” he said.

He further encouraged and challenged Auditors and Financial institutions to act in the best interest of the country and provide services impartially without fear and favour. He commended the AG’s office for a sterling job of appraising his office with reports highlighting financial errors and possible fraud.