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𝐅𝐈𝐍𝐀𝐍𝐂𝐄 𝐂𝐎𝐌𝐌𝐈𝐓𝐓𝐄𝐄 𝐒𝐄𝐓 𝐓𝐎 𝐔𝐍𝐃𝐄𝐑𝐓𝐀𝐊𝐄 𝐏𝐔𝐁𝐋𝐈𝐂 𝐏𝐀𝐑𝐓𝐈𝐂𝐈𝐏𝐀𝐓𝐈𝐎𝐍 𝐎𝐍 𝐓𝐖𝐎 𝐂𝐑𝐔𝐂𝐈𝐀𝐋 𝐁𝐈𝐋𝐋𝐒

The National Assembly’s Departmental Committee on Finance and National Planning is this week set to undertake public participation on two crucial Bills starting tomorrow. 

Among the two is the 𝐒𝐨𝐯𝐞𝐫𝐞𝐢𝐠𝐧 𝐖𝐞𝐚𝐥𝐭𝐡 𝐅𝐮𝐧𝐝 𝐁𝐢𝐥𝐥, 𝟐𝟎𝟐𝟔 which seeks to provide a legal framework for the establishment and the management of the Sovereign Wealth Fund. 

𝐏𝐈𝐂𝐒𝐒𝐀𝐀 𝐒𝐓𝐔𝐍𝐍𝐄𝐃 𝐁𝐘 𝐁𝐑𝐄𝐀𝐂𝐇 𝐎𝐅 𝐅𝐈𝐃𝐔𝐂𝐈𝐀𝐑𝐘 𝐃𝐔𝐓𝐘 𝐀𝐓 𝐀𝐆𝐑𝐈𝐂𝐔𝐋𝐓𝐔𝐑𝐀𝐋 𝐅𝐈𝐍𝐀𝐍𝐂𝐄 𝐂𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐈𝐎𝐍,𝐑𝐄𝐂𝐎𝐌𝐌𝐄𝐍𝐃𝐒 𝐅𝐎𝐑𝐄𝐍𝐒𝐈𝐂 𝐀𝐔𝐃𝐈𝐓

The Public Investments Committee on Social Services, Administration, and Agriculture (PICSSAA) is set to recommend to the House that comprehensive forensic audit of the Agricultural Finance Corporation (AFC) be carried out. 

The decision follows a rigorous review of the Auditor General’s reports, which revealed massive breaches of fiduciary duty and systemic malpractices spanning over 14 years.

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