Aug 31, 2012 News Comments Off on Audit ordered into army’s credit union, two officers on leave
Government has ordered an investigation into the operations of the army’s credit union and two top-ranking officers have since been sent on administrative leave.
The probe was ordered by the Chief Cooperative Development Officer.
The audit, according to a statement issued by the army, stated that audit was ordered based on reported breach of Credit Union’s rules governing the acquisition of vehicles.
The current Secretary/Manager and a past Secretary/Manager are the two persons who have been sent on leave to facilitate the audit.
Meanwhile, this publication was told that the audit is a “vindictive” move against the two officers who were simply trying to put proper systems in place. They reportedly unearthed some major discrepancies involving a senior army official.
An army source revealed that close to a year ago, a new head was appointed to the credit union. This publication was told that during his tenure there, the officer began making some startling discoveries relating to monies being withdrawn from the credit union and not being repaid. Having made the discovery, the officer did not seek to cover up but instead was very vocal and this did not go down well with other senior officers.
Further, this publication was told that funds were withdrawn from the credit union for two major projects through the Chief of Staff’s office. These projects include the rehabilitation of a recreational park and the setting up of a salon in Base Camp Ayangana compound.
The source said, the Army continuously used the services of the credit union but was delinquent in repayment, blaming their non-payment on the government’s system.
According to another inside source, as it is now, there is no proper procedure for the acquisition of vehicles for army ranks. One of the officers sent on leave, the source said, was trying to put systems in place to ensure better accountability of the union’s fund.
However because of his outspokenness on the issue he was removed from the credit union. Further, having realized that the officers were not pleased with the operation, this publication was reliably informed that the Chief of Staff held an emergency meeting where it was pointed out that the Committee of Management which runs the credit union was suspended.
“At the meeting when an officer enquired why the committee was suspended the Chief of Staff denied this although he had announced it at another forum mere days before the emergency meeting,” the source pointed out.
It was also brought up at the said meeting that persons had seen a correspondence about the suspension of the management committee.
Further, this publication was told that the credit union’s records as it relates to documenting the acquisition of vehicles were poor.
“When the union buys a vehicle, sometimes you get the vehicle before you even work out a verbal agreement on paying back. All they ask for is a copy of the registration… there is no proper system and what the officer was trying to do was put systems in place. But because of what was discovered and it involved high ranking people, he was removed,” one source told this publication.
Nov 14, 2018The 2018 Seaboard Marine Caribbean Motor Racing Championships (CMRC) came to a close officially Monday evening when the awards ceremony concluded at Guyana’s Ramada Princess Hotel at Providence,...
I walk my dog twice daily. In the evenings I would take her next door to the AFC head office. The occupants of the house... more
Editor’s Note, If your sent letter was not published and you felt its contents were valid and devoid of libel or personal attacks, please contact us by phone or email.
Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]