Africa Press-Nigeria:<\/p>\n
A revenue assurance manager at the Zimbabwe Electricity Distribution and Transmission Company (ZETDC) Wilfred Shereni has been implicated in an audit that unearthed that:<\/p>\n
He failed to sign contract addendums, He failed to perform periodic reconciliations regarding the procurement of prepaid a metres He approved payments for prepaid meter installations without adequate supporting documentation. According to the audit, his actions prejudiced the power utility of US$6 108 275, New Zimbabwe reports. The Audit according to the publication revealed that:<\/p>\n
The pre-paid metering project involved three suppliers, namely Solar Hut, Finmark Energy and Nyamazela. According to the audit report, Finmark and Nyamazela won lucrative tenders even without having to go through the formal tendering procedure.<\/p>\n
Shereni, together with former managing director Julian Chinembiri, was instrumental in the acquisition of pre-paid meters directly from suppliers without getting the required approval from State Procurement Board (SPB), now Procurement Regulatory Authority of Zimbabwe (PRAZ).
\nThere was a price difference between what was approved by SPB and what was then quoted on the orders and was paid to Finmark (single phase meters) and Nyamezela (three phase meters).Auditors reported that Shereni had made an error in capturing the prices for SPB approval and no efforts were made by ZETDC to inform SPB of the price differentiation.<\/p>\n
It was further discovered that Shereni, along with ZETDC finance manager Thomas Chindindi, further violated Section 26 of the Procurement Regulations (S.I.171 of 2012) when they approved a purchase order which was not supported by the appropriate SPB approvals. The report further noted that none of the contractors managed to supply the contracted quantities within the stipulated time frame and in this case, ZETDC was entitled to deduct liquidated damages from the contract price for each week of delay up to a maximum of 20%.<\/p>\n
There were also some payments which were made without adequate supporting documentation particularly inspection sheets.
\nWhen contacted for comment Shereni said he had already gone through the disciplinary process and was demoted :<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Africa Press-Nigeria: A revenue assurance manager at the Zimbabwe Electricity Distribution and Transmission Company (ZETDC) Wilfred Shereni has been implicated in an audit that unearthed that: He failed to sign contract addendums, He failed to perform periodic reconciliations regarding the procurement of prepaid a metres He approved payments for prepaid meter installations without adequate supporting […]<\/p>\n","protected":false},"author":84,"featured_media":27826,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[748],"class_list":{"0":"post-27824","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-zse"},"yoast_head":"\n