Indigenous Peoples’ Ministry turns down $1M, takes 300,000 for vehicle worth $950,000 -Similar instances cited in AG report

Nov 06, 2018 News

The Audit Office of Guyana has found instances where “unserviceable” State vehicles were sold in a manner that did not highlight the best deal for the State. Such instances were highlighted in the Audit Office’s latest report on the government’s spending.
Auditors noted that the Ministry of Indigenous Peoples’ Affairs received approval for the sale of six unserviceable vehicles on 23 June 2017 from the Ministry of Finance. However, at the time of audit three vehicles were sold, a Toyota pick-up, a Nissan Frontier and a Toyota Coaster bus.
Auditors noted that the Toyota Pick-up was sold for $50,000. “This vehicle was not advertised for sale; hence no bids were received from bidders.”
The Nissan Frontier was evaluated at $100,000 but was sold for $50,000. However, the highest bid for this vehicle was $500,000. In addition, auditors noted that this vehicle was sold to an individual who did not even bid for the vehicle.
Also, the Toyota Coaster bus was valued at $950,000. However, this was sold for $301,000 to the third highest of the seven bidders. The highest bid was $1.010M.
The Ministry said that it “regrettably acknowledged this finding but can assure that all procedures were followed in accordance with the Procurement Act/Financial Circular.”
The Audit Office recommended that the Ministry ensure that there is full compliance with the Procurement Act/Financial Circular.

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Indigenous Peoples’ Ministry turns down $1M, takes 300,000 for vehicle worth $950,000 -Similar instances cited in AG report

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Indigenous Peoples’ Ministry turns down $1M, takes 300,000 for vehicle worth $950,000 -Similar instances cited in AG report

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