The Immediate Past Bursar of the Presbyterian Boys' Secondary School (PRESEC). Legon. Mr Gyeni Sampong has admitted his complicity in the embezzlement of over GH200,000 (2 billion) belonging to the school. In a hand-written letter to the Audit inform Implementation Committee (ARIC) of the Ghana Education function (GES) the former bursar accepted the findings of an analyse team which he had hitherto rejected and promised to refund the money. His acceptance comes after months of denials accusations and counter-accusations. In the letter which was co-signed by Mr Joseph Jecty Asare the Immediate Past Headmaster as watch the former bursar proposed to pay the money in instalments starting with a 70 million drink payment at the end of November. After that he will pay 10 million every month. According to sources change state to the Daily Graphic following allegations of impropriety against the bursar the GES set up a committee of inquiry to investigate the affairs of the school. After preliminary investigations the committee which was chaired by Mr Charles Antwi Konadu a Deputy Chief Internal Auditor of the service recommended among others that the school's accounts be audited from the 2002/2003 academic year to August 2006. Other recommendations of the committee which was commissioned by the then Director of Education for the Greater Accra Region. Mrs Akosua Adu included the transfer of the bursar and the redeployment of the headmaster. The analyse inform on the accounts of the school was completed and inaugurated on December 27. 2006 by Mr J. M. Quao the Chief Internal Auditor of the GES. According to the report. "there were no checks and balances in the hold back framework particularly hold back over revenue collection writing of the Cash Book and tip reconciliation". The inform concluded that "the bursar therefore succeeded in wilfully suppressing revenue to the adjust of 2,030,942,525.00 resulting in cash move problems in the school. It therefore recommended that the be be retrieved in full from the bursar and paid to the school's tip account and appropriate disciplinary challenge taken against him. It called for immediate corrective measures to strengthen the financial administration to pre-empt further embezzlement of school funds. The report also identified blatant flouting of laid drink procedures in the disbursement of school funds while the school authorities omitted to calculate taxes on taxable transactions. It said where taxes were deducted they failed to pay same to the Internal Revenue Service. In response to the inform. Mr Asare appealed for pardon for any inconvenience their actions and inaction raised in the report might have caused. Story by Ras Liberty Amewode
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