Parliamentary Standing Committee on Public Accounts Committee question the existence of the Land Acquisition and Development Fund

The Parliamentary Standing Committee on Public Accounts Committee questioned the existence of the Land Acquisition and Development Fund because government already has a finance system to purchase farms.

Addressing the management of the Fund here yesterday, Chairperson of the committee, Mike Kavekotora said there was no need for the fund because it is solely used to facilitate transactions for the government.

There was no need for the establishment of the fund because it is a conduit through which funds are being channeled to acquire farms and bring them back to government, he pointed out.

He raised a concern that salaries paid to staff members are an exorbitant amount with the fund's personnel expenses, under which the salaries are listed, at N.dollars 1.2 million and N.dollars 5.3 million in 2016 and 2017, respectively.

The Deputy Executive Director Ndiyakupi Nghituwamate justified the Fund's existence by reading out the Act that established it.

Source: Namibia Press Agency