The Bank of Mozambique will now be audited by the Administrative Court

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The Bank of Mozambique will now be audited by the Administrative Court

7:54 CAT | 20 Apr 2024

File photo: O Pais

The Bank of Mozambique and other public companies will be audited by the Administrative Court as a result of the revision of the law approving the organization, functioning, and processes of public accounts section of the Administrative Court, carried out on Friday morning.

According to the Government, this law, revised eight years later, restructures the mechanisms for supervising and managing public accounts, allowing for greater control of public funds.

The law now specifies the institutions to be verified or audited by the Administrative Court, such as the Assembly of the Republic, Constitutional Council, courts, provincial, district, and local government bodies, among others.

However, the law did not mention the Bank of Mozambique or public companies. It took the Renamo and MDM benches condemning and “threatening” to boycott the approval of the instrument for the Government, through the Minister of Justice, Constitutional and Religious Affairs, Helena Kida, to backtrack and, after a consultation meeting, approve its inclusion.

Source: O Pais