More Africa NewsMali: The telecoms regulator pinned for more than 4 billion FCFA of financial irregularities

March 10, 2020by myles0

According to the Office of the Auditor General (BVG) of Mali, numerous financial irregularities recorded within the Malian Authority for Telecommunications and Postal Regulation (AMRTP) have deprived the State of 4,525,370,963 FCFA between 2016 and 2018.

In a report drawn up at the end of its mission to verify the conformity of operations for collecting fees and other income due to the State, and the execution of conventions and contracts signed between the State and telecom operators, the BVG indicated that the financial irregularities noted result from the non-compliance by the AMRTP of the regulations which stipulate ”  that it controls by itself or by third parties that it mandates, the technical, accounting and financial data provided by the holder “

This administrative fault then led to several financial shortcomings, including the non-application of the provisions relating to the monitoring and collection of customer debts; the lack of regular monitoring of the recovery of debts from operators holding authorization to assign frequency and numbering resources; the ineffective regular monitoring of term deposit operations.

In the financial hole of 4,525,370,963 FCFA noted by the BVG, 1,816,684,716 FCFA were subject to a payment moratorium while 1,882,750,000 FCFA are at the heart of a litigation procedure.

Source: Agance Ecofin

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