The NHA's Legal and Treasury departments did not have clear roles for handling 56 bank accounts related to property expropriation, leading to inefficiency, delays, and failure to follow internal control rules.

Why It Matters

Recommended Actions

• Request from the respective Courts the approval of the transfer/closure of deposits maintained with the private bank for settled expropriation cases
• Submit a complete report on the updated status of all expropriation cases within a specific deadline to allow the TD to reconcile the bank accounts with their intended purpose and initiate appropriate account closures, if applicable
• And Provide regular updates to AD and the Audit Team on the status of expropriation cases at least annually or as often as necessary when there are significant developments, to support continuous monitoring and timely closure of deposit accounts.

Original Audit Finding Excerpt

"Page 50 of 90 AGENCY ACTION PLAN and STATUS OF IMPLEMENTATION AS AT AUGUST 31, 2025 RESULTS OF COA VALIDATION Ref. (No. in the AAR) Audit Observations Audit Recommendations Agency Action Plan Status of Implementation Reason for Partial/Delay/ Non- Implementation, if applicable Action Taken/Action to be Taken Date of Follow-up Status of Implementation Actual Implementation Date Remarks Action Plan Person/ Department Responsible Target Implementation Date From To From To supporting reports to further evaluate the collections and the recording of any amount due and demandable from the developer, and to facilitate the issuance of a Statement of Account or Billing Statement for the identified receivables; and m. Reconcile the reported remittances of the developer with NHA’s recorded collections. Not Implemented noted that these reports were generated from their Accounting System. NHA informed"

Source Document