Top listeners:

skip_previous skip_next
00:00 00:00
playlist_play chevron_left


Namibia Institute of Pathology Ignores Auditor’s Advice, Opts to Purchase Vehicles Despite Cost Disadvantage

todayMarch 25, 2024 11

share close

In a decision that contradicts the recommendation of its chief internal auditor, the Namibia Institute of Pathology has chosen to acquire 18 vehicles at a cost of N$8 million instead of leasing them for N$10.4 million over a four-year period. Despite advice from NIP’s internal auditor, Mekondjo Katunga, dating back to August 2023, the organization proceeded with the purchase. Analysis of the fleet’s expenses reveals that by the lease term’s conclusion, NIP would have spent N$10.4 million on vehicles that would not become assets of the parastatal.

Written by: Leonard Witbeen

Rate it

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *