AG slaps Education Development Fund with adverse opinion over dormancy

NAMPA
2026-10-15
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WINDHOEK, 15 OCT (NAMPA) – Auditor-General Junias Kandjeke has issued a negative audit opinion on the Education Development Fund’s accounts for the financial year ending 31 March 2025.
In the report availed this week, Kandjeke highlighted the fund’s failure to present a true and fair view of its financial situation and performance.
This adverse opinion stems from significant compliance and operational issues, particularly the fund’s inactivity a...
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